Thursday, June 2, 2011

Shoppers cool down their credit cards

SAN FRANCISCO (MarketWatch) — What you make of May same-store sales depends on what you want to see.

Retailers, pointing to a 4.9% gain from year-ago sales, see it as evidence that their business continues to improve. Wall Street sees it as a disappointment, coming in well below the 5.4% they expected. Then there’s the usual snipping among analysts over the weather’s impact and which merchants had the hottest product lines. Read full coverage on May same-store sales.

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