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Category Archives: USA retailing
U.S. Consumers Pulling Back on Spending in August
Gallup spending scores for August confirm the weak back-to-school season. Americans’ self-reported spending in stores, restaurants, gas stations, and online averaged $61 per day during the week ending Aug. 29. So far, August and back-to-school 2010 spending trends appear no … Continue reading
US CHAIN STORE SALES DOWN 0.8% IN AUGUST
US chain store sales edged up 0.1% for the week ended August 28, after falling 2.0% during the previous 4 weeks. The 4-week moving average is up 3.0% YoY. Poor back-to-school sales point to weak Christmas sales. Yesterday, NBF Financial … Continue reading
US CONSUMER INCOME, SPENDING REMAIN WEAK IN JULY
Personal Income and Personal Disposable Income both increased 0.2 percent in July.Personal consumption expenditures (PCE) increased 0.4 percent. Personal Income and PDI are both up 3.0% YoY as comps are somewhat easier. Transfer receipts, up 7.6% YoY, remain supportive. Consumer … Continue reading
US WEEKLY CHAIN STORE SALES DECLINE AGAIN
Chain store sales declined 0.4% last week (Aug. 21), the fifth consecutive decline. Sales are down 1.9% since the end of July. The back-to-school season looks pretty weak, a very, very bad sign for Christmas.
US Consumer Confidence and Spending May Be Stabilizing
(…) The latest ChangeWave survey of consumer retail spending – which has a large sample size of 2,739 U.S. consumers – showed a small tick up in August compared to July. The poll was completed on August 10.. If the … Continue reading
US WEEKLY CHAIN STORE SALES –1.3% LAST WEEK
After a strong Q2 earnings season, the US back-to school season starts poorly, dampening investors expectations for continued strong earnings growth in the second half. Chain store sales dropped 1.3% last week, the third consecutive weekly decline. The 4-week moving … Continue reading
JULY US RETAIL SALES +0.4%.
July US retail sales rose 0.4% from June. The May to June 2010 percent change was revised from -0.5% to -0.3%. Motor Vehicles and Parts Stores rose 1.6% while Gasoline Stations sales jumped 2.3%. Building Material Stores sales remain depressed. … Continue reading
US CONSUMERS: TO SAVE OR TO SPEND?
US consumers have a dilemma similar to that of many indebted countries: should they save and restore their balance sheet or should they spend their way out of the recession? NBF Financial is hopeful but unsure. Just-released data by the … Continue reading
US CHAIN STORE SALES STRONG IN JULY
US chain store sales edged down 0.1% last week after the strong July gains. The 4-week moving average is up 1.4% from last month and 3.8% against 2009 strongest month. Interestingly, July strong chain store sales happened while car sales … Continue reading
THE COMING TAX BITE FOR AMERICANS
Much is being written about the discontinuation of the Bush tax cuts next January. Dennis Gartman provides the numbers each American is most concerned with. If we only concern ourselves with the biggest spenders, their discretionary income will be shaved … Continue reading
US CHAIN STORE SALES RISE AGAIN
Chain store sales rose 0.6% last week, following the 1.4% jump the previous week. The 4-week moving average is up 3.8% YoY.
WEEKLY CHAIN STORE SALES RISE 1.4%
The US consumer is volatile but does his best for the economy. Sales jumped 1.4% last week after the 1.5% drop the previous week. The 4-week moving average is up for the 6th week in a row and is 3.6% … Continue reading
