Study: Frugal consumers keeping retail sales down

Columbus, Ohio Retailers are expected to see a less-than-rosy 75-day sales forecast due in part to more consumers saving their money, according to a study conducted by ForecastIQ.

The company said spending conditions recently have improved, as 17 of the 27 retailers tracked in the study showed forecasts for same-store sales growth.

However, the increases are small and the overall forecasts for most are still negative, the report said. Exceptions to this appear to be Aeropostale, Buckle, Ross, TJX and Cato’s, which show an increase in same-stores sales.

Retailers such as Abercrombie & Fitch, American Eagle, Gap, Neiman Marcus, Nordstrom and Saks are expected to see a decline in same-store sales over the next 75 days.