Obi-Wan Kenobi
/ 178.36.29.* / 2010-04-09 11:06
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Are Retail Sales Up?
Supposedly retail sales are up 4 months in a row. They aren't. Same store sales may be, but that is a different matter.
Some of those stores may still be in business. However, those chains that are still in business closed many poorly performing stores, boosting same store sales figures in the remaining stores.
Moreover, same store sales are invalid because of store closings across the board, not just in chains involved in bankruptcies.
Improvements over horrendous numbers from a year ago are hardly unexpected.
Finally, Easter Sales shifting into March from April certainly added to the effect.
State Sales Tax Collections Tell The Real Story
State tax collections are a far better measure of spending than same store sales. Please consider Retail Sales Rise: Where? Let's Take a Look
That report is from February 28, 2010, arguably a bit out of date. Nonetheless, state tax collections are horrid.