Resources

January 8, 2015 Costco showed again in December why it’s the cream of the crop among warehouse club stores. The Washington based retailer reported an increase of 8% in same store sales in the United States, excluding gasoline sales and foreign exchange.  Same-store sales at international stores rose by 1%. Net sales for the retailer... Read more »

January 9, 2015 The economy generated 252,000 new jobs in December, and the gains for November and October were revised up.  These strong gains are likely to continue to boost consumer spending in 2015.  The continued drop in the unemployment rate, to 5.6 percent in December, puts us within striking distance of the natural rate... Read more »

Macy’s reported a 2.7% year over year increase in sales for November and December. This was in line with their projected 2-3% sales increase prediction.  “We feel very good about our performance in the November/December period as we reversed trend from a soft third quarter and set the stage for continued progress going forward,” Terry... Read more »

Holiday online sales in 2014 exceeded an already optimistic forecast. Total desktop online sales for November through December grew 15% to $53.3 billion, $2 billion of that total coming from Cyber Monday, making 2014 the 5th consecutive year this day had the highest amount of spending. The day after Cyber Monday came in second with... Read more »

January 5, 2015 Rite Aid Corp. says sales at stores open at least a year grew 5.3% in December, boosted again by strengthening pharmacy sales. Same-store sales at the Camp Hill, Pennsylvania-based retailer grew 5.3% to $2.2 billion, beating analyst consensus of 4.5% and reflecting a 1.7% increase in front-end same-store sales and a 7.3%... Read more »

January 2, 2015 Economic activity in the manufacturing sector expanded in December for the 19th consecutive month, and the overall economy grew for the 67th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The report was issued by Bradley J. Holcomb, chair of the Institute for Supply Management (ISM)... Read more »

Although analysts had projected retail growth in December to average 2.7%, J.C. Penney reports that sales rose 3.7% for the last 9 weeks leading up to the end of December. That compares to 3.1% growth for the same time period last year.   Last year at this time, Penney did not disclose sales results, which... Read more »

December 23, 2014 Sales of newly built, single-family homes dropped 1.6 percent in November to a seasonally adjusted annual rate of 438,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “Though home sales have edged slightly lower, builders are reporting confidence in the... Read more »

December 30, 2014 The Conference Board Consumer Confidence Index, which had declined in November, improved in December.  The Index now stands at 92.6, up from 91.0 in November.  The Present Situation Index rose to 98.6 from 93.7, while the Expectations Index decreased to 88.5 from 89.3 in November. Says Lynn Franco, Director of Economic Indicators... Read more »