iBankCoin
Joined Nov 11, 2007
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June Retail Sales Show a Pullback in the Consumer

“Retailers reported largely disappointing sales in June, as consumers pulled back on spending amid concerns about jobs and the economy.

Thomson Reuters was expecting its same-store sales index to inch up 0.5 percent in June, far weaker than a year-ago when the index rose 6.7 percent in June.

June tends to be a weaker month on the retail calendar with fewer reasons to drive shoppers to the store.”

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