Thursday, December 2, 2010
Retail Sales Gain Most Since March on Black Friday Boost
Retail sales rose the most in eight months, beating analysts' expectations as customers are driven by the heavy discounts on Black Friday. Although there are many gainers, including Abercrombie, J.C. Penny, and Gap Inc., stores that have previously been considered an all year "discount" like Aeropostale suffer. Contrary to others' sales jump, Aeropostale's sales dropped 1 percent last month. This is probably due to consumers hoping to purchase brand name products that are never go on sales any other time of the year.
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3 comments:
This is interesting to know since a lot of the initial concerns about the car were that it would be too light and the material used for the frame would not be able to withstand even a small crash!
Almost every economic indicator points to the US bouncing back from the recession, yet the unemployment rate remains above 9 percent. It makes me wonder whether we should adjust our natural unemployment rate expectations due to structural changes in our economy in which employers are learning to produce more with less.
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