After several months of strong retail sales, shoppers appeared more cautious about spending in April as rainy weather and fresh worries about the economy curbed people's urge to shop.
The nation's retailers recorded a moderate increase in sales last month as consumers reined in their spending after splurging on back-to-school shopping and cautiously sized up the coming holiday season. On Thursday, major chain sto...
Despite this being the year's busiest shopping season, other factors will curb shoppers fervor.
Shoppers hit the malls for back-to-school shopping in August and handed retailers a healthy boost despite continued worries about the job market and a sluggish economy.
Consumers worried about the economy appeared more cautious about buying in June, prompting concerns about a possible slowdown in spending just ahead of the back-to-school shopping season.