By and  on June 4, 2009

Deprived of last year’s government stimulus checks and enthusiasm for summer fashion trends, consumers once again chose cash conservation over conspicuous consumption in May, sending all but a handful of retailers to same-store sales declines.

The month offered little relief for high-end merchandisers and another endorsement of retailers offering strong value propositions. Those dynamics are expected to remain in place this month, as will nostalgia for the government rebates of 2008.

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