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| Retail Sales: -0.3% in forum [Market-Ticker]
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Tesla
Posts: 15541
Incept: 2008-04-03
State of Disbelief
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Sandy would only have increased sales - everyone went on a shopping frenzy the weekend before the storm. Gas, batteries, flashlights, food...
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"Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes
"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams
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Magus
Posts: 1966
Incept: 2008-05-04
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Sandy was probably neutral to October (helpful over the weekend, hurt Mon-Wed)
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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
-~~Ludwig V
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Dbongo
Posts: 799
Incept: 2007-08-06
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IMO, post Sandy sales (through the holiday season) will be much better. Still believe we'll see best holiday sales in a few years at least. I've seen no drop off at mall/restaurant traffic in months.
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I Heart TZA! Ben Bernanke, WINNING!
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Mrbill
Posts: 7843
Incept: 2008-10-19
North Carolina
Online
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^^^ This dbongo post brought to you by Yahoo Finance Forums.
Pumping random **** without any data since the dawn of the internet.
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Magus
Posts: 1966
Incept: 2008-05-04
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I'm a bit more pessimistic about holiday sales than I was a month ago
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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
-~~Ludwig V
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Dbongo
Posts: 799
Incept: 2007-08-06
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‘Black Friday’ Shoppers Line Up Over One Week EarlyWEST LOS ANGELES (CBSLA.com) — Retailers are concerned that bargain-hunting shoppers may be growing increasingly aggressive when it comes to the start of the Christmas shopping season. KNX 1070′s John Brooks reports local stores are boosting security ahead of what could be a rowdy – and record-setting – Black Friday.Analysts are predicting a 3.1 percent jump in sales from over a year ago when stores open the day after – or even as early as the night of – the Thanksgiving holiday next week. Shoppers have already begun camping out at one Best Buy store location in El Cajon – the earliest that store managers say they have ever seen a line form.Chaos ensued last November after one woman used pepper spray on fellow shoppers as store employees unveiled an Xbox display. About 20 people were treated at the scene for minor injuries. Police have yet to file charges against Elizabeth Macias, 33, whose attorneys say acted in self-defense during the melee. This year, the store has hired 27 additional security guards – four of them armed – to be on hand when the shopping surge begins at 8:00 p.m. Thanksgiving night. One woman said retailers have an obligation to protect their customers. “Because they’re profiting from it, and they’re advertising, and they’re drawing those people there,” she said. Los Angeles Police Department officers also plan on beefing up patrols in parking lots at several shopping centers next week, with officers on bikes, a mounted horse patrol, and even regular fly-overs by police helicopters. http://losangeles.cbslocal.com/2012/11/1....
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I Heart TZA! Ben Bernanke, WINNING!
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Mayorquimby
Posts: 13909
Incept: 2008-09-18
The Archaic Past
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I agree with what Magus just wrote.
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They who wish to hurt you, work within the law.
- Morrissey
Gold is theft.
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Clintb350
Posts: 1453
Incept: 2008-01-19
Southern AZ
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The Unemployed and Not in Labor Force (NILF) can camp out for Black Friday. Some of them may be "personal shoppers" for a commission.
Reason: NILF!
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Mrbill
Posts: 7843
Incept: 2008-10-19
North Carolina
Online
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Dbongo, why do you keep posting? Yeah, CBS Local is doing some hard-hitting analysis there. Thanks for bolding that for us. Bullish for the economy, people spending a week standing in line for cheap DVDs made overseas. dbongo on Sept 14, the highest close in 4 years wrote..Hitting new highs daily Js, it's buy high, sell higher my friend. This bull is nowhere near done going up. Calling the top perfectly, you're only down 7.6% these two months. http://tickerforum.org/cgi-ticker/akcs-w.... |
Asimov
Posts: 103938
Incept: 2007-08-26
East Tennessee Eastern Time
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Over the last year, pork loin has gone from $0.99/lb to $2.19.
I don't think you can blame it all on sandy.
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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
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Magus
Posts: 1966
Incept: 2008-05-04
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Meat prices (and costs), especially beef, have skyrocketed this year (and last year) and are predicted to do so again next year. Hard to judge an individual item (some stores run loss leaders or traffic builder promotions and then change the item after a while)--most pork products are only up about 3-5% across the country on average. Beef costs are up about 25% YoY for grocers.
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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
-~~Ludwig V
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