Personal income in July was $11,015.2, up 0.5% from June. Nominal personal consumption expenditures
[PCE] rose 0.8%, while real PCE increased 0.5%. Nominal disposable personal income [DPI] rose 0.7% while real DPI increased 0.3%. The personal savings rate as a percentage of DPI was -0.9% in July.
- Nordstrom (NYSE:JWN)
- Abercrombie and Fitch (NYSE:ANF)
- Bebe, Inc (NASDAQ:BEBE)
- Gap Stores (NYSE:GPS)
- Jos. A. Bank (NASDAQ:JOSB)
- Pacific Sunwear (NASDAQ:PSUN)
- JC Penney (NYSE:JCP)
Retail slowdown? Maybe. But if you have the right merchandise, consumers will still spend more than they earn.