Retail Beat

Personal income in July was $11,015.2, up 0.5% from June. Nominal personal consumption expenditures (PCE) rose 0.8%, while real PCE increased 0.5%. Nominal disposable personal income (DPI) rose 0.7% while real DPI increased 0.3%. The personal savings rate as a percentage of DPI was -0.9% in July.
The Good

Nordstrom

Abercrombie and Fitch (ANF)

Bebe, Inc (BEBE)

The Bad 

Gap Stores (GPS)

Jos. A. Bank (JOSB) (Watch List)

Pacific Sunwear (PSUN)

JC Penney (JCP)

The Verdict

Slowdown? Maybe. But if you have the right merchandise consumers will still spend more than they earn.

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Topics: Economy, JC Penney (JCP), Joseph A. Bank (JOSB), Stock Market | RSS

One Comment on “Retail Beat”

  1. [...] A couple of months ago, we addressed the prospects of slowing consumer spending by saying, “Slowdown? Maybe. But if you have the right merchandise consumers will still spend more than they earn.” Now we get a similar assessment from CNNMoney: Moreover, since consumer purchases fuel two-thirds of the economy, these two months provide a vital temperature-taking of the overall health of the nation’s economy.Any significant slowdown in consumer spending immediately raises concerns that the economy as a whole will likely follow. [...]

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