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Retailers report summertime sales up, down and all around.

Publication: Mississippi Business Journal
Publication Date: 21-JUL-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
In these strange economic times, some retailers are experiencing slow sales while others are thriving. Summer clearance sales are popular as families look for bargains and prepare to send children back to school.

"The state of retail depends on the type of retail you're in," says University of Mississippi retail strategy professor Chuck Ingene, Ph.D. "When the economy is bad, discounters, dollar stores and big box retailers do better. Others, like automobile dealers, unless they're selling those cars with high mileage, are in a world of hurt."

The professor says apparel retailers on the high end of the scale may be experiencing problems as families shop for back-to-school clothing.

"People will shift from high-end goods to middle and those who were buying in the middle will shift to the lower end,"...

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