Retail Sales Continue to Fall for 12th Consecutive Month
… sales include:
Target Corp. – minus 2.9 percent
Limited Brands Inc – minus 5.9 percent
Macy’s Inc. – minus a whooping 8.1 percent
The continued drop in retail sales is a bad sign that more job losses are on the horizon and that consumers are clamping down on their expenses in anticipation of job losses. Many retailers may not make it through this recession if those sales numbers don’t improve soon. Already, several retailers have filed bankruptcy and/or closed their …
Tags: Bankruptcy Bankruptcy protection Macy Target Corporation United States



