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Consumer confidence higher but not lifting bottom lines (access required)

by Associated Press

Published: June 4,2009

Time posted: 12:07 pm

Tags: Retail

NEW YORK (AP) - Although consumer confidence may be increasing, it's not showing up at the cash register yet. Many retailers are posting disappointing May sales, and food and necessities remained high on shoppers' lists. According to a Goldman Sachs/ICSC tally, overall same-store sales fell 4.6 percent, worse than the 3 percent drop predicted. The lower-than-expected results did not ...





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