April's slide in retail sales turns out worse than expected

11:40 am ET May 10, 2007

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April's slide in retail sales turns out worse than expected

CHICAGO
April was largely a sales disaster for most of the nation's biggest
retail chain operators as consumers pulled in their purse strings after
March's spending spree and as they faced rising prices at the gas pump
as well as a slumping housing market.

Wal-Mart's April sales disappoint, led lower by apparel

CHICAGO
Wal-Mart Stores Inc. disappointed investors Thursday by turning in April
sales results that were short of expectations as the world's largest
retailer grappled with sluggishness in apparel, home and seasonal
merchandise sales amid consumer concerns about rising gas prices and
other costs.