Rainy Days Dampen Retail Sales, Data Shows

Sharp Declines Reported As Consumers Refrain From Buying Summer Apparel

(AP)  Many retailers are reporting sharp sales declines for June, as rainy weather and escalating job worries kept consumers from buying summer staples like shorts and dresses.

As merchants report their monthly figures Thursday, the sales weakness appears to cut across all sectors, particularly apparel merchants.

Among the biggest early disappointments are results from teen merchant Wet Seal Inc., The Children's Place Retail Stores Inc. and Stage Stores Inc.

Even low-priced club operator Costco Wholesale Corp. is reporting a same-store sales decline from a year ago, when business was helped by stimulus rebate checks.

Same-store sales are sales at stores open at least a year.

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I love the excuses that the mass-media feeds the public for the fact that bailing out Goldman Sucks and JP Morgan has been a complete disaster.

The reason and only reason why retail is suffering is because there is no 'productive' economy in this country.

All of our industries have been looted by Wall Street/City of London and our jobs sent overseas to people who were willing to work less then the cost to produce a product thus making it impossible for them to consume retail themselves.

Now Obama wants to take British-style 'free trade' and globalization even further and impose outright neo-fuedalism and serfdom with this Global Warmer garbage so BIG FAILED ZOMBIE BANKS like Goldman Sucks and JP Morgan can trade in their failed toxic assets (worthless derivatives and credit-default swaps) in for our 'conservation efforts' i.e. eliminating civilized living standards.

Unless we stop this puppet for Wall Street/City of London, we are DOOMED!