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pajamasmedia.com - 12/30/2008
RETAIL SALES DROPPED: “But it seems to me that this is actually good news for consumers and, in the…
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RETAIL SALES DROPPED: “But it seems to me that this is actually good news for consumers and, in the long run, the economy. Americans are massively over their heads in debt, and have been consuming beyond their means for a long time. The data shows them cutting back their spending to more ...
Retail Sales Plummet
online.wsj.com - 12/26/2008
Retail Sales Plummet
— online.wsj.com — Robert Caplin/Rapport For The Wall Street Journal Crowds thronged New York City's tony Fifth Avenue shopping area... yesterday, but sales figures brought little good news for retailers from high-end to low. (more) Retail Sales Plummet
Comments vote down QandO found this 12/26/2008found this
neoneocon.com - 12/26/2008
Post-holiday retail blues
— neoneocon.com — Well, Amazon’s happy. It posted its best holiday sales ever. This is no surprise, because the terrible... weather that combined with the terrible economy to cause nearly everyone else to have a bad sales season would favor internet shopping such as Amazon’s. Even drastic post-holiday ... (more) Post-holiday retail blues

Comments vote down Rover Rover found this 12/26/2008found this
Retail Sales Down
yglesias.thinkprogress.org - 12/27/2008
Retail Sales Down
— yglesias.thinkprogress.org — A touch of “yikes” from the WSJ: When I was in Switzerland, where luxury goods production is... a big deal, a number of people speculated that such items were somehow recession-proof. That didn’t really make sense to me, but ... (more) Retail Sales Down

Comments vote down Eschaton found this 12/27/2008found this

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TigerHawk:  Deleveraging, retail style

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Deleveraging, retail style
TigerHawk — Glenn Reynolds links a short post by Megan McArdle on the precipitous decline in retails sales during November and December. Megan does not think it is all bad: But it seems to me that this is actually good news for consumers and, in the long run, the economy. Americans are massively over their heads in debt, and have been consuming beyond their means for a long time. The data shows them cutting back their spending to more reasonable levels, and cutting back the most in the most discretionary categories. I feel bad for Hermes and all, but we couldn't keep propping ...

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calculatedriskblog.com 12/26/2008 — From the WSJ: Retail Sales Plummet [T]otal retail sales, excluding automobiles, fell over the year-earlier period by 5.5% in November and 8% in December through Christmas Eve, according to MasterCard Inc.'s SpendingPulse unit. When gasoline sales are ...
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US retail sales figures confirm bleak outlook for consumers | Business
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Retail Sales Slump 2.7% in December - Economy * US * News * Story
cnbc.com 1/14/2009 — Sales at U.S. retailers fell at a steeper-than-expected rate in December, government data showed on Wednesday, as a deteriorating economic environment forced consumers to cut back on spending during the key holiday period. The Commerce Department said ...
Retail Sales Decline in April
calculatedriskblog.com 5/13/2009 — On a monthly basis, retail sales decreased 0.4% from March to April (seasonally adjusted), and sales are off 11.4% from April 2008 (retail and food services decreased 10.1%). The following graph shows the year-over-year change in nominal and real retail sales since 1993. Click on graph for ...
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