Forecasts for June retail sales tip off that sales growth for the sector could come in at the...
Forecasts for June retail sales tip off that sales growth for the sector could come in at the lowest level since August 2009, according to data compiled by Thomson Reuters. After Nike (NKE) and Bed Bath & Beyond (BBBY) set the tone with disheartening guidance, the whole sector is on on watch to determine the effects on revenue of a jittery U.S. consumer. Even if a company's numbers are solid, the question of how management is using discounting and promotions to pump up sales will remain in focus.
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