Thursday, April 8, 2010
Retail Increases
The month of March showed serious increases in sales across the board for retail. While discount stores have consistently performed well throughout the recession, March hailed major increases in all types of retail. Certainly the early Easter this year affected March sales, but the question remains if this increase in sales is a result of an improvement in consumer confidence. Some have said the increase was too drastic to be simply attributed to the holiday, but no one will know for sure until April sales are released.
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6 comments:
Even if the increase in sales is because of consumer confidence, it is a good sign as long as consumers are positive about spending their money.
This increase in retail sales may have been triggered by a raise in employment that has been going on.
This is good to hear. Check out this article also:
http://www.nytimes.com/2010/04/10/business/10luxury.html?ref=business
Look at the names of the companies that have upped their sales. Dillard’s and Kohl’s sales increased. Aeropostale and J.C. Penny raised their predictions of future earnings. These are clothes companies. I wonder if this growth in sales is actually due to the change of weather, from cold winter, into a warm spring and soon to be hot summer. Maybe people are just buying from these clothes companies because they need new clothes that are more suitable for the changing weather, instead of the chance that the economy is improving and people are finding jobs. Just an opinion and observation.
I think regardless of the reason to why sales increased that it is still a good sign, or good for the economy. Even if it is due to the weather i think the fact that money is being circulated in the economy is a good thing.
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