Recovery Around the Corner?
Andrea Chang reports for the LA Times under the lovely title, Pent-up demand explodes for retailers in March:
In a promising sign for the nation’s recovery, retailers had a blowout month in March as pent-up demand, warm weather and Easter led to the best monthly sales performance in a decade.
Major chain stores posted a whopping 9.1% increase compared with a year earlier, according to Thomson Reuters’ tally of 28 companies. That was significantly better than the 6.3% gain analysts had been expecting and marked the best month on record since the information company began tracking data in 2000.
Good news. Lets hope March Fever doesn’t get cured.