Quote:
Originally Posted by aceventura3
Retail Sales Rose 1% in January.
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But on an annual basis, these sales are down nearly 10% compared to January 2008. And we should mention that much of this 1% increase is due to the New Year's deep discounting we've seen as a result of the recession and the weak holiday sales. And this is after a 3% drop in December. I'd like to see the retail sector's profit reports.
BBC NEWS | Business | US retail sales unexpectedly rise
U.S. retail sales revive - International Herald Tribune
Discounting Contributes To Unexpected Increase In January Retail Sales
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Last edited by Baraka_Guru; 02-12-2009 at 12:05 PM..
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