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Retail Sales where up in March…..Where do we go from here?

Retail sales soared in March, the government said Wednesday, in the latest sign of improving consumer confidence.

The Commerce Department said total retail sales jumped 1.6% last month, the largest monthly increase since November, from an upwardly revised 0.5% gain in February.

Economists surveyed by Briefing.com had anticipated that sales would rise 1.2% in the month.

March retail sales surged 7.6% compared to the same month in 2009.

Sales excluding autos and auto parts rose 0.6% last month, also topping forecasts. A consensus of economists had projected sales excluding autos to edge up 0.5% in March.

Sales of motor vehicles and parts posted a strong 6.7% gain, while sales of electronics and appliances fell 1.3%.

“This is another good reading,” said Adam York, an economist at Wells Fargo. “But we’re not out of the woods yet.”

York said March sales benefited from promotions tied to the Easter holiday, which came earlier than usual this year. He said some of those gains may be shifted over to the April report.

“These are decent numbers,” he said. “It suggests that the consumer is recovering, but by no means are we looking at a strong economic recovery.”

The rebound in retail sales comes as the labor market has shown tentative signs of improvement. The Labor Department said earlier this month that the economy gained more jobs in March than any other month in the last three years.

Ok….now here’s where things get interesting……

I’m watching MSNBC this morning and the skinny one with the black hair from the NBC financial channel…..you know Erin something that travels all the time…she’s going on about raising the interest rates……She’s like….’the economny is getting better’….’so why is the Fed still giving out easy money?’……

Those you who visit here regularly know that I have a family member that works in the bank mortgage business……

Well I had a conversation with him this weekend and he’s worried….

The banks and real estate agents are doing better…..but they are scared that the rush by the Feds and the government to get away from helping the housing market may be too fast….

Like the incentives to the car market generating sales…the help by the Fed with interest rates and the Government being in the mortgage markets helped pull the country thru the last year…not with interest rates creeping up (already) and tighter credit screening…..the housing market people are afraid the movement in the market could be slowed again by the summer…..

We’ll see…..

But housing sales problems are what made the downturn worst a year ago……


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April 14, 2010 Posted by | Blogs, Breaking News, Counterpoints, Government, Media, Other Things, PoliticalDog Calls, The Economy, Updates, Women | , , | Leave a comment

Blackberry cell phone sales level off…….

Aren’t they supposed to be the top seller in the texting cell phone market?

Hummmm???

Research In Motion, the maker of the BlackBerry, reported fourth-quarter sales and shipments on Wednesday that missed analysts’ estimates and said that its profit margin would shrink this period.

Sales in the period ended Feb. 27 rose 18 percent, to $4.08 billion, the company said in a statement. Analysts in a Bloomberg survey projected $4.31 billion on average. Research In Motion said it shipped 10.5 million devices, less than estimates from Citigroup and Goldman Sachs.

The company spent 46 percent more on research last quarter as it develops devices that can replicate the success of the Apple iPhone or Droid fromMotorola.

Research In Motion unveiled a revamped version of its touch-screen Storm in October, after the first version was criticized for awkward typing technology. Gross margin, a profitability measure, will be 44.5 percent in the quarter ending in May, down from 45.7 percent last quarter.

More……..

March 31, 2010 Posted by | Breaking News, Computers, Entertainment, Media, Men, Other Things, The Economy, Updates, Women | , , , , | Leave a comment

Retail has a pretty good February……

A stormy, snowy February didn’t keep shoppers from stores and allowed the best same-store sales showing in six months, signaling that the recession appears to be thawing for retailers.

Comparable-store sales rose 4% when 2.9% was predicted for the 28 retailers that report through Thomson Reuters. The next best month was January, at 3.3%. The positive showing marks half a year of straight gains after 12 monthly declines.

With most retailers reporting, 82% beat expectations as they kept Christmas inventories low, were able to clear items without too much markdown and move spring merchandise in. The situation was helped by the dismal year-earlier comparisons, when retail sales were jolted by the economic crisis.

“It’s really looking good,” said Erin Armendiger, managing director of the Baker Retailing Initiative at the Wharton School. And while stores did close as heavy snow fell, especially in the Northeast, sales were promising nonetheless, “which suggests we would have done even better,” Ms. Armendiger said.

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More important, observers said, will be how March shapes up because it is a longer month and will include more spending related to Easter, which falls on April 4, earlier than last year.

“A particularly soft March would not bode well for retailers already grappling with high unemployment and a weak job market,” said Ken Perkins, research analyst at RetailMetrics.

In February, consumers hit the malls, with Macy’s Inc., Dillard’s Inc., Abercrombie & Fitch Co. and Aeropostale Inc. all beating projections.

Gap Inc. posted comparable-store sales of 3%, ahead of Wall Street’s projection. Gap’s Old Navy stores reported North American sales rose 6%.

Employees at Old Navy on Thursday morning were placing $5 and less banners for family springwear, hoping the combination of pent up demand and very low prices will prove a draw for summer.

More………

March 4, 2010 Posted by | Breaking News, Government, Media, Other Things, Politics, The Economy, Updates | | 2 Comments

U.S. Retail Sales post gains in November……..

The retail sales figure has done better than Wall Street predicted…..they where up 1.3% versus the expected .07%……

I did a post on the Friday after Thanksgiving buying at my local Appliance store and they were very busy….

So I’m not at al surprised…..

The economy is coming back folks…sure nuff…..

Note:…..My wife has been out shopping this week and most stores are out of  holiday light because they didn’t oder like usual…look for a lot of stores to have short order and cosequently cut their sales numbers…..

December 11, 2009 Posted by | Family, Media, The Economy, Updates | , | Leave a comment