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Title: Retail Sales Surged At A Record Pace, Gains Broad-Based
Source:
INVESTOR'S BUSINESS DAILY
URL Source: http://www.investors.com/NewsAndAnalysis/Article.aspx?id=529812
Published: Apr 8, 2010
Author: MARILYN MUCH, INVESTOR'S BUSINESS DAILY
Post Date: 2010-04-08 19:30:44 by Brian S
Keywords: None
Views: 341
Comments: 12
The nation's retailers enjoyed record same-store sales growth in March, smashing views Thursday as an early Easter and higher confidence drove shoppers to heat up spending on spring wardrobes and other goods. The strength and breadth of gains suggest the retail recovery is accelerating, and that consumers are in the mood to buy more than basic necessities. March sales at stores open at least a year climbed 8.7% vs. a year earlier, says Ken Perkins, president of Retail Metrics. That sailed past Wall Street's raised forecast of a 6.1% gain. That was the best since Perkins began tracking same-store sales in early 2000. A hefty 86% of retailers beat views. It was the seventh straight monthly same-store sales gain. The S&P Retail Index rose 1.3% to its best level since October 2007. A calendar shift buoyed results. Easter came one week earlier than last year. Retailers also got a lift from easy comparisons: March 2009 comps slid 4.8%. Still, that's not the whole story, Perkins says. Shoppers 'Feeling Better' "Consumers are feeling better overall about their plight," he said. Perkins noted that the U.S. added 162,000 jobs in March while the stock market has rallied sharply the past 13 months. "That all translates into higher consumer confidence readings and higher spending levels," he said. Michael Niemira, chief economist at the International Council of Shopping Centers, says March same-store sales rose 9%. He figures that gain would have been 4.5% if it weren't for the Easter shift. Still, he says the results are higher than the trend we've seen since December. Niemira says warmer weather helped lift March results, as did pent-up demand and an improved economy. "A lot of things are falling into place to give us more confidence the retail recovery is sustainable," he said. Pent-up demand from the recession, when consumers put a lid on spending, was a key factor, Perkins agrees. Jharonne Martis, director of consumer research at Thomson Reuters, says teen stores are a good proxy for discretionary spending. In March, the segment's same-store sales rose 9.6%, the best gain since 2007, she says. Department stores saw a 12.3% rise, and specialty apparel's comps grew 11.8%, says Martis. That shows shoppers are responding well to new spring fashions. "The fact that same-store sales came in this strong suggests the consumer's willingness to pay full price is back," she said. Moving On Up In March, consumers traded up from discounters to higher-priced discounters like Target (TGT), says Perkins.
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#1. To: Brian S (#0)
(Edited)
Well...you've all heard of Adam Smith's "Invisible hand". Only slightly less known is Boofer Van Mises "Black Hand" which was a theory that Boofer developed when he emerged from the dark coal mines of the Indian Ocean and decreed that he could pretty much say "Is not" and have it be so as far as he was concerned.
#67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace
Same-store sales. Bullshit. Of coures they're going to be up, much of their competition went out of business last year. Duh! Is all critical thinking dead in this nation?
Goldi-Lox, War, Fred Mertz: Go back to liberty post where you belong.
No, but if you apply critical thinking, your deemed a racist....(laughing) By the party that keeps Robert C Byrd - a weekend at Bernies stand in - propped up.
my anti groupie can't get through life without me.
What?...no comment on today's employment numbers? Idiot floorlicking brownshirt leninite.
Death to everybody who does not get outta my way. And the latest Eisteinian revelation from LF's resident Barack poodleboy...AKA Admiral Dwarf who has "shot at living things"...."Yeah, and Oswald was a right winger, too. He was... war posted on 2010-03-22 20:12:36
Von Mises. Moron....get something right other than how best to suck down a load.
Death to everybody who does not get outta my way. And the latest Eisteinian revelation from LF's resident Barack poodleboy...AKA Admiral Dwarf who has "shot at living things"...."Yeah, and Oswald was a right winger, too. He was... war posted on 2010-03-22 20:12:36
Moron....get something right other than how best to suck down a load. No comment on your employer Israel sponsoring GLBT events in the US? You better get your ticket quick.
It's the war, stupid.
Officer Dickhead doesn't recognize parody when he sees it...
#67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace
Duh! Could you document that please?
#67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace
Von Mises. Moron....get something right other than how best to suck down a load. No comment on your employer Israel sponsoring GLBT events in the US? You better get your ticket quick. It's the war, stupid. Now this is one of your most bizarre and disjointed posts I can recall....even for you moaning trucker mattress:):) Chuckles.....did one of tonites' I-5 Kenworth jockey dates pour some diesel #2 instead of the typical Jose Cuervo down your perpetually gaping gullet as a chaser to his load or WHAT???? BTW....what's up with dwarf??...usually he sends his other ball licking bitches like jerx or abdul boner to fire off the pathetic retorts to my devastatingly hilarious smackdowns. Anyway.....fwiw just piss off.....tell yo massah send the first string lapdogs next time. BBBWWWAAAAHHHHAAAAA!!!!!!
Death to everybody who does not get outta my way. And the latest Eisteinian revelation from LF's resident Barack poodleboy...AKA Admiral Dwarf who has "shot at living things"...."Yeah, and Oswald was a right winger, too. He was... war posted on 2010-03-22 20:12:36
Ahhh......but I do recognize ignorance. Ahem.....shitbag regressive..........'zackly who of normal IQ do you think is fooled by the incessant bilge you spew??? [Notice to dwarf's bitches!!!....stay near his balls and don't answer for once:):)]
Death to everybody who does not get outta my way. And the latest Eisteinian revelation from LF's resident Barack poodleboy...AKA Admiral Dwarf who has "shot at living things"...."Yeah, and Oswald was a right winger, too. He was... war posted on 2010-03-22 20:12:36
I guess all that empty jaw jacking must mean you haven't bought your ticket yet. Don't worry.... there will be plenty of future perfomances, maybe they might even hire you for the part of a cop wannabe.
It's the war, stupid.
Anything beats your line of truck stop whorebag ...... moan:):) Though maybe not the daily "job" dwarf has of licking clean the colon sewer pipes of barack.
Death to everybody who does not get outta my way. And the latest Eisteinian revelation from LF's resident Barack poodleboy...AKA Admiral Dwarf who has "shot at living things"...."Yeah, and Oswald was a right winger, too. He was... war posted on 2010-03-22 20:12:36
#2. To: Brian S (#0)
#3. To: Nebuchadnezzar (#2)
#4. To: Brian S (#0)
#5. To: Dwarf (#1)
Van Mises
#6. To: e_type_jag (#5)
Von Mises.
#7. To: mininggold (#6)
#8. To: Nebuchadnezzar (#2)
Bullshit. Of coures they're going to be up, much of their competition went out of business last year.
#9. To: mininggold (#6)
#6. To: e_type_jag (#5)
#10. To: Dwarf (#7)
doesn't recognize parody when he sees it...
#11. To: e_type_jag (#9)
(Edited)
#12. To: moaningskank (#11)
maybe they might even hire you for the part of a cop wannabe.
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