Financial Times FT.com

US shoppers stick to the bargain basement

By Daniel Pimlott in New York

Published: May 8 2008 17:47 | Last updated: May 8 2008 20:27

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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