Monday, December 1, 2008

A Millie Here, A Millie There




"Final" October retail sales figures are out. There are lots of reasons it takes a few weeks to sift through the chaff to produce what really happened.








The good folks at Seeking Alpha (you should visit daily) crunched all the numbers for you and had this to say:

"Department stores are struggling the most, with specialty stores not far behind. Both are at their lowest levels in the history of the Bloomberg indices."

They are using the Bloomberg metric, so when they say "worst", they mean since 1992, which is still amazing because nobody compiled these figures as comprehensively before that time.

You can view the entire report HERE.

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