Retailers think back-to-school
NEW YORK - After yet another weak month, retailers are set to fight for their share of crucial back-to-school shopping. But they may have to keep discounting to keep consumers coming in, given escalating job uncertainty.
Particularly worrisome in yesterday's same-store sales reports: Mall-based teen stalwarts like Abercrombie & Fitch were among those hit hardest as families looked for bargains.
Wal-Mart is expected to be a big winner as it woos young shoppers with trendy electronics and fashions, but its sales are no longer included in the monthly data. *
-Associated Press
