The Column

Wednesday, August 19, 2009

Latest retail figures: What recovery?



It's still open to debate: Where is our economy sitting right now? And the more important question is, which direction is the arrow pointing?

Some will swear we're in a recovery, and point to their own batch of figures to "prove" it.

But the retail figures are probably the best indicator of whether the public, the folks on "Main Street," agree. And both Newser and the Wall Street Journal are saying the retail figures don't lie.

... with unemployment, stagnant wages, and tight credit squeezing shoppers, executives don’t expect to see improvement until next spring ...

(Note: The Wall Street Journal link requires a subscription to read it. Boo, hiss!)

Photo: Target, like this one in Amherst, NY, had a bad year so far. Sales fell off by 6.2 percent in the quarter ending August 1. (AP Photo/David Duprey)


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