September 11, 2009 –
As the U.S. equity markets set new highs for the year, consumer confidence continues to show signs of stabilization. The Reuters/University of Michigan Surveys of Consumers said its preliminary index of consumer sentiment for September rose to 70.2, the highest since June, from 65.7 in August. This was above estimates expecting a reading of 67.3, and roughly back to the level of September 2008, which was 70.3. [more]
September 03, 2009 –
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RELATED TICKERS: TGT
, GPS
, SKS
Over 30 retailers reported monthly sales results for August over the past two days. While many areas of the economy have been showing relative improvement over the past few months, there have been few bright spots in retail. However, August results provide some hope that things are finally starting to turn around. [more]
September 01, 2009 –
August ended with a whimper for retailers. For the third consecutive week, both ICSC and Redbook reported year-over-year declines in U.S. Chain Store Sales as back-to-school season failed to spur demand: [more]
August 31, 2009 –
The National Restaurant Association said today that the Restaurant Performance Index, a monthly composite index that tracks the health and outlook for the U.S. restaurant industry, improved slightly in July to 98.1, up 0.3% from it’s June level. However, the index remained below the 100 level, which signifies contraction, for the 23rd consecutive month: [more]
August 20, 2009 –
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RELATED TICKERS: WMT
, TGT
, JWN
With the majority of retail companies having reported fiscal 2nd quarter earnings by now, a picture is emerging of an industry continuing to struggle with a very weak consumer spending environment. Most retailers were able to beat earnings estimates through cost-cutting and inventory management initiatives, but top-line results have been soft as demand seems to have stabilized at a very low level. [more]
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