Grim Picture Of Recovery In Forecasts By Retailers.

The article discusses economic forecasting related to the retail industry in the United States as of August 15, 2013, highlighting concerns regarding a lack of spending by American consumers. Topics addressed include the effect of job market conditions in the U.S. on discretionary spending; decreases in spending by low-income consumers and teenagers; and sales at retail stores such as Wal-Mart, Macy's and Kohl's.