April 9, 2010

NO ONE GOES SHOPPING ANYMORE, IT'S TOO CROWDED:

U.S. shoppers open wallets (ANN ZIMMERMAN, 4/09/10, WSJ)

Shoppers opened their wallets even wider than expected in March, snapping up spring fashions and home furnishings and paying full price for much of what they bought, retailers reported Thursday.

Analysts had expected that warm weather and an early Easter would boost results compared with last year, when recession-scarred consumers were willing to buy only basics, and only on sale.

But the results were even better than they had forecast, and hit double-digits at some chains, including midlevel department store Kohl's Corp., where sales at stores open more than a year jumped 22.5%.

Posted by Orrin Judd at April 9, 2010 6:10 AM
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