Seeking Alpha

Retail sales: Underneath the hood not too much to like

  • The government shutdown might have put a stop to the release of many economic reports, but at MasterCard the data crunching continues to go on.
  • A new report from MasterCard Advisors finds September retail sales were up 3% Y/Y - a deceleration from the pace seen early in the summer.
  • Though apparel and department stores (DDS, JCP, KSS, M) showed weakness, Internet sales (AMZN, EBAY, BBY, TGT) were up at a double-digit clip.
  • Sales in the hardware and furniture & furnishings (LZB, ETH, HVT, RH,BSET, LEG) sectors were affected by fears over the impending government shutdown.
  • MasterCard PR
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