Consumers: Tightening the Purse Strings?
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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