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Market Currents

Tuesday, May 19, 2009
8:58 AM TweetThis
  • Chain store sales fell 0.2% in the first two weeks of May vs. last month, Redbook says, worse than the expected 0.1% drop. Weekly sales were down 1.2% vs. last week, ICSC says, noting both traffic and sales "slowed dramatically."
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This news story has 4 comments:

  •  
    No doubt that we are "surprised".
    May 19 09:01 AM | Link | Reply
  •  
    Continued high levels of unemployment and crippling debt are not a good recipe for personal consumption, which supposedly makes up 70% of GDP.
    May 19 09:12 AM | Link | Reply
  •  
    housing starts down 12.5%
    chain store sales fell 0.2%

    can you say the bear is truly over?
    May 19 09:19 AM | Link | Reply
  •  
    On CNBC they'd call this a "green shoot" because there were still chain store sales.
    May 19 12:04 PM | Link | Reply
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