After months of increases, latest consumer spending data shows a decline for October. An understandable outcome from super storm Sandy or sign of greater economic weakness? Monica Mehta breaks down the latest retail number with Fox’s Neil Cavuto.
Tag Archives: Fox News
Sales have been slumping at Sears for the past 18 quarters. Consumers are buying fewer higher ticket items, tough for a retailer known for appliance sales. And Walmart’s new layaway program is taking a bite out of sales with low income shoppers. Even the Kardashian Kollection can’t save this retailer.