The good news for retailers in September is that sales were the best they have been all year. The bad news is that sales in major retailing categories are merely at 2005 levels.
On Thursday morning, some of the nation’s biggest retail chains posted September sales that were better than previous months, though that was largely because the stores had easier year-over-year comparisons. For the first time this year, retailers were comparing their sales to the abysmal numbers they began posting last fall, when the markets collapsed. Stores also benefited from a calendar shift that pushed Labor Day, as well as the usual back-to-school shopping rush, later in September.
Thursday, October 8, 2009
NY Times reports: