Seeking Alpha

Retailers are crushing it with a late month surge in back-to-school spending boosting monthly...

Retailers are crushing it with a late month surge in back-to-school spending boosting monthly sales numbers. The bigger the retailer, the better the numbers with Target, Gap, Costco, and Limited Brands leading the charge. The rash of sales beats bodes well for Wal-Mart's (WMT) own August numbers.
Comments (7)
  • bbro
    , contributor
    Comments (9455) | Send Message
     
    This is where the underground economy emerges as off the books
    workers buy school stuff for their kids....
    30 Aug 2012, 10:10 AM Reply Like
  • User 509088
    , contributor
    Comments (980) | Send Message
     
    huh. hadn't thought of that. you mean that all the folks being paid under the table by employers who want to save on wages and legal obligations are indeed paying tax, sales tax, and receiving nothing but disrespect for it? while their bosses contribute to republicans who excoriate the people who are responsible for the profit that gets contributed to republicans? amazing system! really.

     

    the cycle this year has been early. weak winter, really early spring, dog days of august in july... back to school started early, could be the weather, could be implying rationing, the drawing out of purchasing normal folks will have to do to maintain appearances while coping with diminishing opportunity.

     

    what will the xmas build bring? hooooo! scary, billy!
    30 Aug 2012, 11:52 AM Reply Like
  • positivethoughts
    , contributor
    Comments (1821) | Send Message
     
    'while their bosses contribute to republicans who excoriate the people who are responsible for the profit that gets contributed to republicans? amazing system! really.'

     

    You are a central planner supporting, government cheerleading hack. If you hate employers so much, go start your own company, pay almost all your revenues to the government and ask for nothing in return. Do it for the good of the country.
    30 Aug 2012, 01:54 PM Reply Like
  • griego
    , contributor
    Comments (6) | Send Message
     
    Can you tell why there are no mentioning of JCP numbers for August anywhere?
    30 Aug 2012, 05:14 PM Reply Like
  • OilFinder
    , contributor
    Comments (2401) | Send Message
     
    Only a handful of retailers post monthly sales.

     

    BTW, I wish I had written down a prediction for August's chain store sales, because I would have nailed it. Here's why - check out the chart below, showing the # of births in the US going back to the early 1900's:
    http://bit.ly/PVnobb

     

    Notice a record was set in 2007. This eclipsed the previous record set in 1957 (albeit barely, and of course as a % of the population it was much smaller). Fast-forward 5 years. Those 5-year-olds are now starting to enter kindergarten, which of course means more back-to-school sales. Prior to 2007 there was a run-up in births after bottoming out in ~1996, which means you've got increasing numbers of kids entering middle school for the next 11 years or so. Guess what that means? Even more back-to-school sales, especially since middle-school kids need more school stuff than kindergarteners.

     

    Notice also the bulge in births around 1990. Those kids are now in their early 20's. Guess what people in their early 20's do? They move out of their parents' houses and form new households (usually). If nothing else, that means a boom in apartment construction, possibly also houses, but that might take several more years to arrive full-force.

     

    In spite of the increasing numbers of retiring baby boomers, US is going to be in a demographic sweet spot for the next 10-15 years. If all that weren't enough, in 2010 Asian immigration outpaced Latino immigration for the first time in US history. We know that Asians tend to be more educated than Latinos, and that better-educated people earn more than lesser-educated ones. So if that new trend continues, it will only add to the demographic sweet spot.

     

    But barring another baby boom, after 10-15 years it could become a demographic challenge.
    31 Aug 2012, 04:01 PM Reply Like
  • User 509088
    , contributor
    Comments (980) | Send Message
     
    what does these employees being blamed for employers breaking the law have to do with me being a hack?

     

    it's kind of stupid blaming the guy who takes the job when it's the guy who offers the job who's the problem.

     

    how does me not liking criminals add up to me hating employers?

     

    kitty, maybe you should cut down on the 'roids. i know it makes the p90x work better, but it messes with your mood.
    31 Aug 2012, 08:53 AM Reply Like
  • positivethoughts
    , contributor
    Comments (1821) | Send Message
     
    You refer to Republicans in your attack. If you weren't a one-sided political hack, and if you strived to be honest, you would talk about both sides or not mention any one side. You are a cheerleader for the left - that's why your message is seen for what it is. Both sides are corrupt. John Corzine - $1.6 billion stolen from investors - will not be prosectued by Eric Holder. If you mention employers breaking the law and suggest Republicans are terrible for such, where is your outrage against Corzine?

     

    I think both parties are criminal. I don't play favourites.
    31 Aug 2012, 08:04 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|