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Non-Tech : Retail Sector Earnings Reports -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (231)	9/4/2002 11:10:17 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 246

On Thursday we will be seeing retail sales results for the month of August. These numbers will reflect both the state of the economy, as measured by consumer spending, and foreshadow what we can expect from the holiday sales season. Analysts are expecting weak numbers after many retailers have pointed to slow back to school sales in reducing sales estimates for the month. Wal-Mart said last week that it expected same store sales to be in the low end of its projected 4 to 6 percent growth range. After the close, American Eagle Outfitters released same store sales, which showed a 5% decrease. This was worse than predictions of a 3.6% decrease and could be foreshadowing more of the same tomorrow.