Retail sales to show slump may persist

U.S. retailers probably saw sales decline again in September, signaling weak demand leading into the holiday season that will require chains to sharpen their focus on value.

This year's later Labor Day holiday was expected to push a good chunk of sales from August into September. But consumers' concerns about the economy, especially rising unemployment, weighed on spending.

Analysts are calling for an average decline of 1 percent in sales at stores open at least a year, according to Thomson Reuters data. Such a decline would be the smallest monthly drop since September 2008, when same-store sales fell 0.9 percent.

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- Posted: 2009-10-06 13:07:55

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