Yesterday's inflation reading comes on the heels of
a weak retail sales report, which should come as no surprise, given that so many people in the US have left the labor force.
Not exact matches
Big Lots sank 10.1 % to $ 48.45 after the discount
retailer reported weak sales and gave disappointing forecasts for the current year.
Retailers there continued to
report that the presidential elections had weighed on
sales, exacerbating already
weak demand.
Any investor in
retail stocks is well aware of the
weak sales and earnings
reports that a large number of
retailers have
reported in the last 30 days.
This pattern of a stronger - than - expected contribution from US consumers was reflected in July's
retail sales report, which not only came in well ahead of consensus expectations, but also included significant upward revisions to the
weak figures seen in May and June.
The company also
reported weak holiday
sales for the Nook in January, as it sold fewer e-readers and tablets at its own
retail locations.
In recent quarterly earnings periods, full - price
retailers such as department stores and specialty
retailers have been the companies to
report weaker sales, revised annual guidance figures and planned store closures...