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U.S. November Retail Sales Surpass Forecasts

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Msg#: 4242404 posted 6:39 pm on Dec 14, 2010 (gmt 0)

U.S. November Retail Sales Surpass Forecasts [bloomberg.com]
Sales at U.S. retailers increased more than forecast in November and optimism among small businesses rose to a three-year high, signaling the economy was gaining momentum as the holiday season began.

The 0.8 percent gain in purchases followed a 1.7 percent jump in October that was larger than previously estimated, Commerce Department figures showed today in Washington. The National Federation of Independent Businessís sentiment gauge rose by 1.5 points to 93.2, the highest since December 2007, as more companies projected sales will grow.



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Msg#: 4242404 posted 12:33 am on Dec 15, 2010 (gmt 0)

My traffic is the lowest it's been this year, but sales holding steady. Go figure.

They mentioned electronics being down some... I went to buy a TV and was a little annoyed to see a $25 "recycle fee" added to my purchase by the state. That equaled almost half the actual sales tax. I almost canceled the order, just out of principle. I wonder how many people actually have.


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Msg#: 4242404 posted 4:57 pm on Dec 15, 2010 (gmt 0)

big boys are doing great!

The biggest online retailers make the big gains in market share
The 25 largest e-retailers account for almost all the growth this holiday season, comScore says.



Msg#: 4242404 posted 6:11 am on Dec 16, 2010 (gmt 0)

And they can thank google for a lot of it. It's tough to do poorly when they are given such an obvious holiday bump

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