Retailers optimistic despite gas prices

Published August 9, 2006 4:00am ET



Consumers aren’t expected to curtail retail spending despite another round of gas price spikes at the pump this week, said officials in the retail industry.

“Consumers have been seeing gas prices increase fairly steadily over the last couple of years,” said Scott Krugman, a spokesman for the National Retail Federation, a Washington-based trade association that represents the country’s major retailers. “But every time [prices increase] analysts expect to see some sort of drought in retail spending. We haven’t seen it yet.”

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