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High-End Stores Share Discount Retailers' Woes

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High-End Stores Share Discount Retailers' Woes

Business

High-End Stores Share Discount Retailers' Woes

High-End Stores Share Discount Retailers' Woes

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  • <iframe src="https://www.npr.org/player/embed/93784583/93784566" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Retail sales are down in the U.S., but it isn't just Target, Home Depot and Staples that are showing lower profits. High-end retailers are having trouble, too. Saks says many of its customers are cutting back. Weak reports from retailers is one of the factors that sent stocks lower this week. Quarterly reports from other retailers are expected Wednesday.

RENEE MONTAGNE, host:

NPR's business news starts with retail sales.

In a word, they're down. Target, Home Depot, and Staples are showing lower profits. Also high-end retailers are having trouble. Sachs says many of its customers are also cutting back. Weak reports from retailers are one of the factors that sent stocks lower this week. Quarterly reports from other retailers are expected today.

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