Retail still unsteady in January
Published February 7, 2008 by CSBJ Staff
The Associated Press
NEW YORK – The nation’s retailers delivered more evidence of a stumbling economy, as merchants including Wal-Mart Stores Inc. reported weak January results, extending a malaise that has deepened since the holiday shopping season. The disappointing sales figures made it clear that consumers wrestling with high gas and food prices, a slumping housing market, an escalating credit crisis and a weakening job market retrenched further, buying mostly necessities, even when redeeming their holiday gift cards.
Filed under CSBJ Daily, Economics, Retail