Some retailers have already lowered their October forecast. Target Corp. reduced same-store sales guidance mid-month, for the second month in a row, citing "greater-than-normal daily volatility and continued disappointing sales results."
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Meanwhile, specialty retailers are facing declining mall traffic as consumers curb discretionary spending due to high gas and food prices and other economic concerns.
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"Mall traffic continues to be down, making it even more important to convert the customers who do walk through the doors," wrote Buckingham Research Group analyst John Zolidis in a client note on Monday.
This chart from This Week in Petroleum doesn't mean anything and has no effect on anything.
