May 11, 2007

Retailers Post Weak April Sales

“Consumers are feeling pressured by higher gasoline prices and a sluggish housing market, particularly low and middle income consumers”

The outlook for consumer spending in the coming months dimmed Thursday after retailers, their sales hurt by rising gasoline prices and the slumping housing market, had one of their worst months ever in April. via Rapid City Journal

Original post by Rapid City Journal

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