By and  on July 9, 2009

The clouds over retailing darkened with June’s dismal comparable-store sales results, intensifying worries about the key back-to-school and fall seasons.


Unseasonably cool, stormy weather combined with persistent weak demand and doubts about the economy to produce deep reductions in most stores’ results. As unemployment and gas prices rose — and without the stimulus checks they carried last year — consumers reduced spending on discretionary purchases or eliminated it altogether. When they did buy, shoppers looked for promotions and value.

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