Uneasy Consumers Leave Stores Guessing About Holiday Season
The Record, Bergen County, NJ › October 07, 2005
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Summary
NEW YORK - The outlook for the holiday shopping season grew murkier Thursday as September sales results from the nation's big retailers suggested that consumer anxiety about the economy is growing.
Discounters like Wal-Mart Stores Inc. had a solid month as Americans struggling with higher gasoline prices and the economic fallout from Hurricane Katrina shopped for basics. But results were disappointing at mall-based apparel stores including Gap Inc., Ann Taylor Corp. and Talbots Inc.See the full content of this document
Extract
Uneasy Consumers Leave Stores Guessing About Holiday Season
The question now is how generous will shoppers be during the holiday season.
"Uncertainty is always bad for retailers," said Michael P. Niemira, chief economist at The International Council of Shopping Centers. "And that uncertainty did not vanish with today's reports. We have the same worries about gasoline prices, home heating and the sust...See the full content of this document
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