U.S. May Retail Sales Seen Up, Spending Erratic
Press release from the issuing company
Tuesday, June 1st, 2010
U.S. retailers are expected to show a sizable increase in sales for the month of May, but erratic trends of consumer spending could grow more pronounced over a seasonally weaker period for shopping.
Retail chains from Target to Costco Wholesale to teen retailer Abercrombie & Fitch are scheduled to report sales at stores open at least a year — an industry gauge also known as same-store sales — on Wednesday and Thursday. (read more at cnbc.com)
