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Maine Pointe In The News

Chain Reaction: Wall Street Could Save Infrastructure

Consumers shun auto dealers, gas stations, department stores

Retail sales dipped 1% in February according to the latest Census Bureau data, due to a lack of consumer spending particularly at auto dealers, gas stations and department stores.

While the numbers aren't necessarily a cause for doomsday predictions for retail, we do know that department stores have been lagging and failing for some time now, so a dip in department store spending is not unexpected.

Topics: Infrastructure