June’s retail sales, dampened by rain and job worries, cast shadow over back-to-school seasonNEW YORK — After yet another weak month, retailers are preparing to fight for their share of crucial back-to-school shopping. But they may have to keep discounting to keep consumers coming in, given escalating job uncertainty. Stocks open higher after Alcoa earnings, better than expected jobs reportNEW YORK — Investors are sending stocks higher in early trading, reassured by Alcoa Inc.’s earnings and some good news on the labor front. Recession lures the newly bargain-conscious to Wal-Mart, but how will discounter keep them?The recession steered a new type of customer to Wal-Mart — deeper in the pockets and suddenly looking for bargains. Now the world’s largest retailer has to figure out how to keep that customer when the economy recovers. Jobless claims drop, but unemployment is expected to keep risingWASHINGTON — The number of people on the jobless rolls is down by a fraction, but those figures could be deceiving: Economists expect the unemployment rate to rise again on Friday, and jobs should be scarce for months to come. Stores post smaller sales declines in April as shoppers feel a little better about the economyNEW YORK — Consumers enticed by warmer weather and glimmers of hope for the economy bought a few more items in April, helping discounter Wal-Mart Stores and many mall clothing chains post better results for the month than expected. |
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