Imagine that: the cold Spring weather didn’t impact Retail sales!
WSJ: "The nation’s retailers turned in a solid performance during May,
overcoming the effects of an unusually cold spring.
Gains were widespread, with luxury department-store operators
such as Nordstrom Inc. and teen apparel retailers like Bebe Stores
Inc. continuing to post very strong sales. Wal-Mart Stores Inc., the
world’s largest retailer, reported sales that matched analysts’ modest
Same-store sales are a key indicator of a retailer’s growth.
Economists watch retailers’ monthly sales as one indicator of U.S.
consumer-spending trends. But the figures reflect only part of total consumer
spending, as they don’t include all chains."
How are we ever going to explain this? Bad weather, yet sales met estimates . . . that’s a conundrum!
Retailers Post Solid Sales Despite Cold May Weather
U.S. BUSINESS NEWS
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
June 2, 2005 8:52 a.m.
Free-Spending Teenagers Prop Up Retailers in May
THE WALL STREET JOURNAL, June 2, 2005 3:36 p.m.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.