Retailers Report Consumers Have Returned To Malls

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Major retailers are reporting that February saw a return of consumers to the nation’s shopping malls. WalMart, in particular, announced a solid month.

Despite people being out there shopping, many of them are not spending on big ticket items. Of course people continue to purchase staples, but there is little sign anyone is splurging on higher ticket items. Businesses continue to worry that the beleaguered consumer may finally be down and out.

“This is giving a glimmer of hope to retailers,” said Ken Perkins, president of RetailMetrics LLC, a research company in Swampsott, Mass. “These numbers aren’t great, but it certainly reverses the downward slide in sales in the last six months.”

Since there is so little great news around, the small glimmer of hope will have to be enough to sustain retailers.

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