Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Consumer Crunch Watch: Retail Sales

Posted by: Michael Mandel on January 11

Only the beginning, I think.

From today’s NYT:

The nation’s big retail chains, a closely watched barometer of economic health, reported dreary December sales on Thursday, which may stoke fears of a recessionary downtown.

Sales fell at chains as varied as Nordstrom, Macy’s, Abercrombie & Fitch and American Eagle Outfitters when compared with those in the period a year earlier.

Stores cited a pullback in spending by consumers and a quirk in the calendar that pushed more holiday shopping days into November than December.

The size of the sales declines surprised analysts. Sales fell 11.4 percent at Kohl’s, 7.5 percent at J. C. Penney and 6 percent at Gap.

TrackBack URL for this entry:

Reader Comments


January 12, 2008 12:33 AM

Well it's certainly a recession in yuppie clothes anyway ...

Thank you for your interest. This blog is no longer active.



Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

BW Mall - Sponsored Links

Buy a link now!