Well, for them, it will be....
"Retailers encouraged amid August fall; Some discounters’ sales turn higher" by Mae Anderson, Associated Press | September 4, 2009
NEW YORK - A monthly compilation of 32 retailers’ sales by the council and Goldman Sachs showed.... better-than-expected sales results eased some analysts’ concern that the holiday season will be as bad as last year.....
Yeah, well, if Goldman says it then it must be worth its weight in pffffffttttt!
Related: The Galling Greed of Goldman Sachs
Shoppers limited their back-to-school purchases and stayed focused on necessities in August, resulting in the 12th straight month of declining sales for retailers. But there were signs the holiday season could be less dismal than feared.
I'm so sick of but, if, may be, could be, if, yet, still, et al. In college they said those were BAD, BAD WORDS for a "report!"
Also see: The Globe's Sales Pitch
Despite the weakness many reported, retailers overall did better in August than analysts expected. Some lower-priced chains, such as TJMaxx and Old Navy, even saw sales rise compared with a year earlier, though upscale stores’ sales slipped.
Related: Going Back to School Shopping
“It does seem like the consumer is willing to spend if given a great deal,’’ said Carl Steidtmann, an economist at Deloitte Research. “That reflects a consumer that is slowly coming out of their bunker.’’
As if it is a WAR, huh? Yup GET OUT of that BUNKER, consumer!
Then again, look at the source!
There have been encouraging reports from the housing and manufacturing sectors that the economy is stabilizing, but any recovery will have to include an uptick in consumer spending because it accounts for about 70 percent of economic activity.
Yup, so WHEN THIS THING DUMPS -- as it will, no one can maintain such debt while still doing the same things that put us there -- it will be YOUR FAULT, unemployed and put-upon 'murkn!
YOU KILLED the RECOVERY after BANKS made BILLIONS and the thing was so poised for you!!!!
See: What Type of Recession Is It?
“It’s still weak in the broad trend, but it is considerably stronger than it has been in some time,’’ said Michael Niemira, International Council of Shopping Centers’ chief economist.....
--more--"
And I love the way these lying a**holes cavalierly write off the second-most important shopping season -- now pushing Xmas to be the lone savior -- after hyping it. It never ends, and is why you get the commentaries.
