Associated Press reports that Americans are responding to programs such as the federal cash-for-appliances rebates and sales but says 2010 is a “bouncing along the bottom” year. [REITs Outperformed the S&P 500.]
However, the retailer is still taking a cautious outlook about consumer spending, and cut its yearly revenue guidance as worries about a stalling economy grow.
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Tisha Guerrero contributed to this article.