Thursday, December 14, 2006

Retail Sales up Big for November

This seems pretty good for a person that is overweight retailers right now.
Retail sales surged in the important holiday shopping month of November
as shoppers flocked to malls in search of juicy deals on toys, electronics and
other popular gift items.


The Commerce Department said retail sales jumped a much stronger
than expected 1 percent last month, compared with a revised 0.1 percent decline
in October. The government had originally reported a 0.4 percent decline for
October.


It seems that gas prices dipped at exactly the right time to get everyone into the malls. I wonder what January sales will be like so we can see how many gift cards are being redeemed. This year I vow to use every gift card I have been given and not let them sit and gather dust.

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