Retailers Leading the Way? Not Really. - Graham Summers

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Retailers Leading the Way? Not Really.
Jun 13, 2008 05:29 PM UTC

Graham Summers

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Via Short Stock Ideas from Seeking Alpha:

For months now, investors have been looking to the retail sector for insights on the US economy. After all, 70% of US GDP comes from consumer spending. So the retail sector is often thought of as a bellwether for the US economy as a whole.

Things aren’t looking good, though retailers have been doing their best to mask this.

Take the April same-store sales numbers, for instance. That month, same-store sales declined for most major retailers. However, instead of admitting that things were slowing down, they blamed an early Easter and rainy weather for their poor results.

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nextfundmanager

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1 point commented 511 days ago reply

the increase in retail sales is equal in value to only 8 percent of the fiscal stimulus checks sent out by the government.

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