Daaaaaaaaaddddddd!!!!!!!!
"Back-to-school shopping off to a slow start" by Anne D’Innocenzio, Associated Press | August 6, 2009
NEW YORK - It’s still early, but analysts’ grades are already coming in: The back-to-school shopping season is off to a lousy start.
“Back-to-school selling hasn’t really started yet,’’ said John Morris, a BMO Capital Markets analyst, based on conversations with store executives....
The sluggish start is expected to show up in retailers’ July sales reports, to be released today, as job worries heighten. By the end of July, sales of items like jeans and other back-to-school merchandise usually have started kicking in. But this year, it will be the third or fourth week of August before stores have a sense of the bestsellers because shoppers appear to be delaying their purchases, Morris said. That will make it difficult for retailers to reorder popular items....
--more--"Also see: Tax Collections Tell the Truth
Joone Swoon For Consoomers
The figures do not include the results from the world’s largest retailer, Wal-Mart Stores Inc., which stopped reporting same-store sales figures after announcing April’s results. Same-store sales are considered a key indicator of a retailer’s health.
Also see: The Sovereign Nation of Wal-Mart
Wal-Mart: The New World Order's Market
Yeah, they don;t want you to know HOW MUCH WAL-MART is PROFITING from your MISERY, Amurka!
Merchants are seeing indications that sales decreases are easing. Business, however, remains weak even amid signs of economic stabilization.
Now it's just "stabilization?" Then why was I was reading recovery already begun s*** for the last month?
Real estate reports last week showed that home sales and prices may be on the rebound, and the shrinkage in the economy, as measured by gross domestic product, eased considerably in the second quarter.
Related: Massachusetts on the Mend
What's with the lying double-talk, please?
But a worrisome sign for merchants - and the broader economy, of which consumer spending makes up 70 percent - is a 1.2 percent decline in consumer spending and a 5.2 percent increase in the savings rate in the second quarter.
Followed by
"The personal saving rate dropped to 4.6 percent, from 6.2 percent in May"
Woah, woah, woah, your articles have been telling us our savings have increased!!!!!!
"Just as Americans are saving more money"
WTF, MSM? WTF, Globe!!!!!!!!!!!!!!!!!!!!
That has been driven by worries about a weak job market that have hammered consumers’ confidence.
Thank god there are services -- the backbone of the U.S. econom....
"Service sector shrank in July, index suggests" by Associated Press | August 6, 2009
NEW YORK - Shrinking business activity, fewer new orders, and lower employment sapped some modest momentum from the US services sector in July, though economists said the setback was probably a blip and not the start of a troubling trend....
And we know how right those guys have been, huh?
