Reasons for Cheer After Worst Retail Sales in 3 Years?
July 05, 2012 at 14:17 PM EDT
Overall, retailers' June sales are concerning. Back-to-school is the second biggest "season" for retail after the Christmas holidays, and it's just around the corner. Many analysts think retailers will have to offer aggressive promotions to win consumer dollars. A number of retail analysts even took the step of downgrading retail stocks based on their concerns about a pullback in consumer spending.