Retail sales up .8 % versus estimates of .2%

#5
#5
He cautioned against getting too excited about the stronger data though. It's just one month of data, and the retail sales numbers can be volatile from month to month.
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just sayin
 
#6
#6
This is the first time in 4 months school is about to start! Per your link, this is the first rise in 4 months.
 
#8
#8
lawgator1 said:
Crikes, please tell me you are just yanking my chain and aren't this dumb.
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I'm dumb??

Your headline "Retail sales climb for for the first time in 4 months", could it be SCHOOL IS ABOUT TO START?
 
#11
#11
I'm not excited, many of us (retailers) have raised prices quite a bit to drive more margin dollars and GP especially over the last 60 days. If you sell the exact # of items as the previous year and simply charge more sales are bound to increase.
 
#12
#12
hog88 said:
I'm dumb??

Your headline "Retail sales climb for for the first time in 4 months", could it be SCHOOL IS ABOUT TO START?
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Yes.

And the people doing the estimates know that school starts and assume it when they make their estimates. Therefore, the estimate of 0.2% already has that factored in.

The light beginning to come on for you, yet?
 
#13
#13
lawgator1 said:
Yes.

And the people doing the estimates know that school starts and assume it when they make their estimates. Therefore, the estimate of 0.2% already has that factored in.

The light beginning to come on for you, yet?
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You going to respond to anybody else?
 
#14
#14
lawgator1 said:
Yes.

And the people doing the estimates know that school starts and assume it when they make their estimates. Therefore, the estimate of 0.2% already has that factored in.

The light beginning to come on for you, yet?
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Never read the article due to the headline being stupid. Of course sales are going to jump in July, kinda like being surprised that December retail sales are higher than Octobers???
 
#15
#15
hog88 said:
Never read the article due to the headline being stupid. Of course sales are going to jump in July, kinda like being surprised that December retail sales are higher than Octobers???
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it's not in the article. It was an assumption LG stated as fact
 
#16
#16
hog88 said:
Never read the article due to the headline being stupid. Of course sales are going to jump in July, kinda like being surprised that December retail sales are higher than Octobers???
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They were actually lower than June by $4 Billion
 
#20
#20
#21
#21
LG's normally a financial buffoon, but I'm not sure why we're discounting this news. It's clearly a seasonal blip and those aren't year over year numbers, but they did beat estimates.
 
#23
#23
BigPapaVol said:
LG's normally a financial buffoon, but I'm not sure why we're discounting this news. It's clearly a seasonal blip and those aren't year over year numbers, but they did beat estimates.
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I tend not to put much weight in "up over estimates" and especially when coming from a govt that is currently in an election cycle
 
#24
#24
utvolpj said:
then show me where I'm wrong before going the insult route.
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I think it reasonable to believe that it might have occurred to the professionals who do these estimates for a living to have included school-related sales in their figuring.
 
#25
#25
lawgator1 said:
I think it reasonable to believe that it might have occurred to the professionals who do these estimates for a living to have included school-related sales in their figuring.
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Or they deliberately lowballed the estimate knowing that school shopping will help bump the figure to make sales look better.
 
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