Friday, Aug 26, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Retail

Retailers wince at weak back-to-school sales

NEW YORK — Americans’ cautious spending on clothing extended into August, capping a weak back-to-school selling season for retailers.

Several retailers including clothiers Cato Corp. and L Brands Inc. on Thursday posted disappointing revenue during the month, which falls in the middle of the second biggest shopping period of the year.

The results raise questions about whether Americans will spend during the winter holidays in November and December, a time retailers can make up to 40 percent of their revenue for the year. While the back-to-school season, which runs from mid-July through mid-September, isn’t an absolute predictor of how Americans will spend during the winter holidays, it does offer insight into consumers’ mind-set.

Only a sliver of retail chains report monthly sales figures, and the list doesn’t include Wal-Mart Stores Inc., Macy’s Inc. and many other large chains.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…