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Retail Sales Show Signs of Life
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Here is the answer to how retailing is doing in February 2009. See the graph. By type of store, Discount stores have held up with 2.9% increase, drug 1.6% decrease, Apparel 5.5% decrease, Department stroes 9% decrease. Of the discounters Walmart is up 5.1%, Target is down 4.1%; of Department stores Macy's down 8.5%, Penneys 8.8%, Saks and Neiman Marcus down 26 and 21%; and in Apparel stores Gap is down 12%, Abercrombie and Fitch down 30%, and Aerospatiale up 11%.
The low cost and discount brands become important to shoppers and businesses.
07/16/2007
WIth about 7 million workers working less than 35 hours aweek and many facing a couple of days of furlough, or pay cuts, the family shops very carefully and on a budget. Businesses are paying attention, and even companies like P&G (Procter & Gamble) are pushing discount brands.
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Target stores.
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Retailing giant Target and changes in its strategy to adjust to the frugal American consumer. The new retailing environment in America.
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Retail Sales Show Signs of Life
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