"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

The Required Disclosures

The information presented in this blog and its individual articles is provided for informational use only and should not be considered investment advice or an offer for a particular security. The contents reflect the views and opinions of the individual writer as of the date the article was written and do not necessarily represent the views of the individual writer on the current date. They also do not in any way, shape, or form represent the views of the Firm Never-To-Be-Named. Any such views are subject to change at any time based upon market or other conditions and The Great Redoubt and its individual writers disclaim any responsibility to update such views. These views should not be relied on as investment advice, and because investment decisions for any security are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any contributor to The Great Redoubt. Neither The Great Redoubt nor any individual author can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Please consult your tax or financial advisor for additional information concerning your specific situation.

Tuesday, March 15, 2011

ICSC-Goldman Store Sales

We're starting the morning off with a quick look at retail sales figures for major chain stores.  Last week, the week ending 3/5, the figures were mixed.  Weekly sales had improved substantially (up 2.3%), but the year-over-year sales were only up 2.6% (a decline from the previous week).
Moving into the week ending 3/12, Econoday is reporting another week of mixed results.  Week-over-week sales were up a paltry 0.1%, while year-over-year sales are up a robust 3.1%.  They also say that the report shows an increase in drug store and discount store sales, while sales declined at clothing and department stores.

No comments:

Post a Comment