By and  on September 7, 2011

Late summer and back-to-school sales have turned out relatively well, but retailers of all stripes are looking at the economic storm clouds over Europe and the U.S. and steering a cautious course as they head into the fall and holiday seasons.

“When I’m here, everybody is worried — all [the] questions are focused on Europe,” said Emanuel Chirico, chairman and chief executive officer at PVH Corp., at Goldman Sachs’ Eighteenth Annual Global Retailing Conference. “And when I’m traveling throughout Europe and doing this, everybody is worried that the United States is falling into the ocean.”

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