'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
Shoppers, worried about jobs and the economy, pulled back on spending in June, slowing down sales for many retailers. And that could leave merchants on edge in the coming week, wondering if Americans will spend more once the back-to-school season starts in late July.
"The consumer is in a watch-and-wait mode," said Arnold Aronson, managing director of retail strategies at consulting firm Kurt Salmon. "She has to be seduced by value."
Economy Briefs: Retailers to sweat out summer after weak June →
