Retailers forecast that 2011 will be a year spent dealing with inflation, expanding stores and trying to wean shoppers off their markdown habit. Faced with rising costs that are pushing their prices higher, merchants say they …
U.S. consumers put shopping on hold in October following the back-to-school season.
MasterCard Advisors’ SpendingPulse, a data service, showed year-on-year declines in spending on items including flat-panel TVs and major appliances, The Associated Press reported.
The lull may continue until the Christmas shopping period begins after Thanksgiving.
Still, the news wasn’t all bad,…
Continue reading Consumers Take Break from Shopping in October
Consumers Take Break from Shopping in October originally appeared on DailyFinance on Wed, 03 Nov 2010 07:44:00.
Filed Under: Company News, Technology, Economy, Retail
The retail recovery may be slowly getting on track, with major store chains expected to show a mild uptick when they report September sales numbers. Investors will be watching closely for signs of what to expect for the holiday…