Retail History Data

I find it amazing that anybody trades on the retail sales data. Companies have already reported same store sales for November and that data is dead on accurate, while the government data is an estimate. In addition we are already getting data on December and its not pretty. From the WSJ:
The first week of December, typically a lackluster time in the wake of Black Friday, was particularly slow. Sales for the week ended Dec. 5 fell 18% from the prior-week period, which included Black Friday, according to market researcher ShopperTrak RCT Corp. Last year, when the recession was in full force, sales fell a lesser 14%, according to the firm, which compiles shopping traffic at malls and uses sales statistics, as well as Commerce Department figures, for its estimate.

"After solid traffic the first couple of days, it looks like the middle of August out there," said Stephen Baker, vice president of industry analysis for retail watcher NPD Group.

1 comment:

Anonymous said...

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-Ol' Dawg