85.7 F
San Fernando
Thursday, Jun 1, 2023

August another disappointing month for retailers

Consumers pummeled by high gasoline and food prices flocked to the nation’s discount stores for the back-to-school season, leaving department stores and other sectors struggling throughout August. Demand for necessities helped chains such as retail giant Wal-Mart Stores Inc. perform above expectations, while discounts and promotions at several apparel and teen businesses coaxed some discretionary spending out of shoppers, the stores reported Thursday. For the full story visit www.latimes.com/business/la-fi-retail5-2008sep05,0,1956780.story

Featured Articles

Related Articles