Truthmatters
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- May 10, 2007
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Despite those factors, revenue in August among 26 retailers was up 4.6 percent at stores open at least a year...
So now TM thinks the hurricane was good for the economy?Target said its monthly results, which were helped by an increase in average transaction size, also got a boost of one-half of a percentage point as shoppers in the East headed to its stores to buy groceries and other goods to prepare for Irene.
Not everyone had gains, though. J.C. Penney Co. and Kohls Corp., both reported unexpected declines as shoppers continued to veer toward the higher- and lower-end retailers instead of those serving the middle-of-the-road customer.
Gap Inc., which had long been struggling with a sales malaise, said revenue at stores opened at least a year fell 6 percent. The declines were across all its brands, including its namesake stores, Banana Republic and Old Navy.
more good news ignored
Federal Reserve Chairman Ben Bernanke said he's surprised by how cautious consumers have been in the two years since the recession officially ended. But the Fed chief offered no hints of any steps the Fed would take to boost the weak economy.
Bernanke said Thursday that a number of factors are keeping consumers from spending more, including high unemployment, a temporary spike in energy prices, falling home prices and high debt burdens.
Some economists say the Fed must take further action to help the economy avoid another recession.
The economy barely grew in the first half of the year, and the government said last week that employers stopped adding jobs in August.
Despite those factors, revenue in August among 26 retailers was up 4.6 percent at stores open at least a year...
Wow.. they checked with 26 whole stores! We're saved!
So now TM thinks the hurricane was good for the economy?
Not everyone had gains, though. J.C. Penney Co. and Kohls Corp., both reported unexpected declines as shoppers continued to veer toward the higher- and lower-end retailers instead of those serving the middle-of-the-road customer.
Gap Inc., which had long been struggling with a sales malaise, said revenue at stores opened at least a year fell 6 percent. The declines were across all its brands, including its namesake stores, Banana Republic and Old Navy.
Leave it to TM to ignore the overall gist of an article in favor of the title.
And the parents had the money huh?
they spent it on items they needed.
I know you want this country to fail because you place party over country but guess what?
Your party in congress went home and got an EARFULL from Americans and now they are already saying they will pass what Obama offers.
They know they are sunk if they keep obstructing everything
And the parents had the money huh?
they spent it on items they needed.
I know you want this country to fail because you place party over country but guess what?
Your party in congress went home and got an EARFULL from Americans and now they are already saying they will pass what Obama offers.
They know they are sunk if they keep obstructing everything
Yeah. They increased their spending in a month where they traditionally increase their spending. I don't see that as an economic boom TM. That's just the natural cycle.
When are you going to realize that government isnt the solution to our economic problem. It is the cause of our economic problem.