US retailers report May sales declines
NEW YORK (AP) ¿ Although consumer confidence may be increasing, it's not showing up at the cash register yet. Many retailers posted disappointing May sales on Thursday, and food and necessities remained high on shoppers' lists.
According a Goldman Sachs/ICSC tally, overall same-store sales fell 4.6 percent, worse than the 3 percent drop predicted.
The lower-than-expected results did not include Wal-Mart stores, which in recent months has boosted total results but has stopped reporting monthly figures.Last month's same-store sales had edged up with Wal-Mart, but excluding the world's largest retailer, May was the 10th straight month of same-store sales ___ Jobless benefit rolls fall, initial claims dip WASHINGTON (AP) ¿ The number of people on the unemployment insurance rolls fell slightly for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government said Thursday.