Lies, lies and more lies.
"Low-price retailers post solid June sales; BJ's sees 16.5% rise; Nordstrom slumps" by Stephanie Rosenbloom, New York Times News Service | July 11, 2008
Price reductions, the federal government, and Mother Nature helped some retailers gain what some analysts are calling eye-popping sales growth last month.
Retailers said yesterday that sales at stores open at least a year, known as same-store sales and a barometer of retail health, rose higher than expected in June thanks to aggressive summer promotions, government stimulus checks, and warm weather.
Ken Perkins, the founder of Retail Metrics, though he cautioned the figures are more likely an aberration than a trend:
"The numbers have been blowouts so far this morning."
Then what is with the DECEPTIVE HEADLINES, MSM? WTF?
Analysts said that consumers were even less tightfisted with their stimulus checks in June than in May. Wal-Mart, the nation's largest retailer, continued to lead the way as consumers grapple with rising food costs and record gas prices. In June, same-store sales rose 5.8 percent, excluding fuel, with the strongest results in grocery, entertainment, and health. Sales at the company's namesake stores rose 6.1 percent.
What this tells me is Americans STANDARD of LIVING is dropping, and they are all buying necessities at Wal-Mart!
Hey, at least someone is making $$$ in this economy, huh?
BJ's Wholesale Club Inc. said its same-store sales jumped 16.5 percent, topping analyst expectations, as sales of both merchandise and gasoline rose sharply. The Natick-based retailer said sales of merchandise rose 8.3 percent, reflecting higher sales of consumable items such as paper products, health and beauty aides, and household cleaners. Gasoline sales contributed 8.2 percentage points to the same-store sales gain.
Kohl's same-store sales increased 2.3 percent. Target reported sales increased 0.4 percent.
For some retailers, though, stimulus checks and sunny skies were not enough to lift sales.
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Who cares about them? Can't you tell everything is GREAT?
