Analysts were quick to credit hot weather and sales for the July results, rather than any uptick in the economy."The weather drew people out, and they were enticed by the discounts, but I would not put too much stock in what happens in July," said Brian Sozzi, chief equities analyst at research firm NBG Productions. "Consumers are only responding to deep discounts or heavily promoted items."
Clearances Lured Shoppers To Spend In July
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