When all you read is gloom, turn here for a much different perspective.

Wednesday, March 24, 2010

Retail Sales Results Are Strongest of this Recovery Thus Far

On Tuesday Redbook reports indicated the strongest retail results of the recovery thus far. The results posted a plus 3.6% year-on-year same-store sales rate in the March 20 week. That rate was right in line with the ICSC-Goldman's 3.7% rate also reported on Tuesday.

Redbook also offers a month-to-month comparison which is also at a solid plus 0.9% gain. (That's an annualized 10.8% bump).

The report showed particular strength across women's apparel and for lawn and garden equipment; items that sparked little to no interest with consumers a year ago.


With retail sales making up 70% of annualized GDP growth, Q1 2010 GDP results are shaping up to be even stronger than Q4 2009.






0 comment(s)... (click here to add yours):

Post a Comment

We want to hear from you, and you know you want to say something...

FREE Good News delivered to your Email Inbox (With Easy Unsubscribe at Any Time)

Enter your email address:

Delivered by FeedBurner

If you prefer RSS feed subscription...

If you prefer RSS feed subscription...
...Click This Icon For The RSS Feed