Early monthly sales reports from retailers have largely fallen short of analysts' estimates, possibly fanning further concerns about the state of the consumer and the impact that more tepid spending will have on the economy.
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Coming on the heels of a disappointing April, the results from retailers in May underscores how fragile the economy recovery is at this stage.
Analysts on average are expecting same-store sales to rise 2.6 percent in May from the prior year, according to Thomson Reuters. That compares with a decline of 4.8 percent in May 2009.
Sales are being impacted by a shift that has pushed a portion of the Memorial Day weekend sales into the month of June as most retailers will be reporting sales for the four weeks ended May 29. However, this calendar shift does not explain away the lackluster performance. read more
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