Retail is on the ropes heading into its most vital months of the year. The outlook could get worse.
A quick roundup of today's bad news:
"Almost 30 percent of U.S. parents plan to spend less money this year on back-to-school purchases, according to a survey of 1,000 adults by America's Research Group conducted July 8 through 10. Last year, that figure was 16 percent, said Britt Beemer, chairman of the Charleston, South Carolina-based firm. This year, 45 percent of those who planned to cut back said they had less money."