Financial Times FT.com

Cost-conscious shoppers steer to discount stores

By Daniel Pimlott in New York

Published: May 9 2008 03:00 | Last updated: May 9 2008 03:00

US shoppers continued to veer towards cheaper stores and essential goods and away from discretionary items in April but brought some relief for retailers after a poor start to the year.

Same-store sales, a key retail measure of sales in stores open at least a year, rose by 3.3 per cent against expectations of a 1.1 per cent rise, according to Retail Metrics, which analyses shopping trends.

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