The stock market continues to push forward and the buyers or bulls of the financial world have been rewarded with great sales figures from the retail sectors.
Below are some of the great numbers that have been reported for year over year sales growth…
Kohls ……………….. 23%
Nordstrom…………... 17%
Target……………….. 10%
Just by coincidence I was actually out shopping at kohls when these numbers were coming out.
I was only planning on spending about 200 or so dollars, I spent 321 dollars by the time I walked out.
I was enticed by the very low prices. I saved 445 dollars off of the sticker price. It is not surprising that other shoppers are spending more after taking such a brake from spending on such items as clothing and other specialty items that such retailers sell. If you couple this with the idea that the retailers are really sacrificing the margins they are accustom to taking in by slashing prices so drastically then it is really no big surprise.
The real question here is two fold.
- Will this sales trend stick and move forward for retailers or is this just a fluke caused by the sudden and prolonged stop to consumer spending of the recent past?
- Is this a sign that the worst is really behind us?
I would like to know what you think. Please leave your answers in the comment box.
