Consumers: Tightening the Purse Strings?

More retailers are struggling as housing market woes seep through the economy. Investors are fretting that consumers will cut back on spending

Back in March, the stock market wobbled as a handful of retailers, including Wal-Mart Stores (WMT) and J.C. Penney (JCP), complained about anemic sales (see BusinessWeek.com, 3/15/07, "Consumers Feel a Chill"). Investors fretted about a slowdown in consumer spending, but the concerns quickly passed.

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