The Wall Street Journal
11 April 2013
Up against strong figures from 2012, retailers turned in weak comps in March, according to a Wall Street Journal article. As was also the case in February, consumers remained worried about the economy. "The mass public is still not feeling good about discretionary spending," said Kurt Salmon retail strategist Nancy Liu in the article. "Gas prices are still high, the job market is still slow to recover, so there is a lack of confidence. On the retailers' side, there could be pressure on inventories that could lead to heavier-than-usual discounting."