Consumers’ Spring Spending To Wither In Summer Heat

July 6, 2010  |  

(Forbes) — After an upbeat spring driven by consumers on long-withheld shopping sprees, retailers are feeling the hit as something of a hangover sets in and the bills hit mailboxes across America.With the tabs from their springtime spending coming due, cosumers are also under pressure from a stagnant labor market, the likelihood of tax hikes and a scarcity of credit, writes Citigroup analyst Deborah Weinswig in a note Tuesday.

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