Economic Stimulus Checks Make Difference to Retailers
The Milwaukee Journal Sentinel › July 11, 2008
Linked as:
Summary
Consumers with stimulus checks bought warm-weather items in June, pushing sales higher than expected for many retailers.
Overall, the industry reported a gain of 4% in sales at stores open at least a year, the biggest monthly same-store gain since March 2007, according to Retail Metrics, a Massachusetts research firm. But retail stocks didn't react with joy Thursday, suggesting that investors don't expect the good news to continue.See the full content of this document
Extract
Economic Stimulus Checks Make Difference to Retailers
"Investors may be looking at this month as it's as good as it's going to get," said Keri Spanbauer, senior equity analyst with ...
See the full content of this document
Sponsored links
