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February retail sales showed solid consumer spending, with both high- and low-end department...

February retail sales showed solid consumer spending, with both high- and low-end department stores faring well (interactive list) and full-price purchases boding well for spring merchandise. So if sales were so great, why are retail stocks (RTH) lagging today? Among the reasons: Fewer retailers are reporting monthly numbers - three biggies just stopped this month.
Comments (2)
  • Jackson999
    , contributor
    Comments (468) | Send Message
     
    Why? Maybe because:
    ------
    March 3, 2011
    Gallup Finds U.S. Unemployment Hitting 10.3% in February
    Underemployment surged to 19.9% in February from 18.9% at the end of January
    by Dennis Jacobe, Chief Economist

     

    PRINCETON, NJ -- Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February -- up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010.

     

    www.gallup.com/poll/14...
    3 Mar 2011, 03:41 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    I went to buy pant in Macy last weekend. I have to search Parking spot for 20 miniutes. I thought it was Christmas. What recession? How these people are making money to buy $100 pant which cost only $1 to make it. Somebody put some logo and make $99 profit.
    3 Mar 2011, 03:49 PM Reply Like
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