Here’s your consumer rebound. According to Horowitz & Company retail sales were up an incredibly thin 0.07% in October compared to last year. Of course, that’s virtually nothing, and we’re comparing it to a month where everyone thought the world is coming to an end. But still!
Notably some higher-end companies such as Nordstrom have shown impressive percentage gains most recently. Nordstrom went from a 2.4% year over year decline in September to a 6.5% gain in October. Unless we’re mistaken about Nordstrom’s product line, you can’t blame that on Cash for Clunkers.
Get This Delivered To Your Inbox
You can get this dropped in your inbox every afternoon as The Chart Of The Day. It’s simple. It’s convenient. It’s free. All we need is your email address (though we’d love your name and state, too, if you’re willing to share it). Sign up below!
Email State First Name Last Name