Grim Retail Year Showing Strength On Promotions and Rebate Checks
July 8th, 2008
Retailers received some good news this week. Reports showed that sales attributed to the July 4 holiday and the receipt of stimulus checks increased chain-store sales 2.3%. Widespread discounts and promotions are expected to clear out merchandise for July, typically a slow retail month, but the general health of retailers in the slowing economy remains uncertain. MarketWatch (July 8. 2008)
Tags: economy, promotions, retail sales