2010/12/28

Investors worried that the U.S. decline in consumer spending next year, retail

The latest sales figures show that U.S. retailers are likely to achieve the best 3-year performance since the holiday shopping season, but has not been touched seems investors, because the shoppers about the new year in spending cuts fears has been enhanced.

According to Goldman Sachs Group (GS) and the International Council of Shopping Centers (ICSC) today released data show that retail sales at Christmas, the week to 4.8% over last year, which means November and December retail sales is likely to to achieve an increase of 4%, Goldman Sachs and hit two weeks ago the International Council of Shopping Centers sales for November increased just after the strong performance of the high end of expected range.

At the same time, according to MasterCard (MA) under the research data SpendingPulse research report released in November 5 to December 24 between the United States, sales of retail and service sector growth of 5.5% over last year mainly due to shoppers in the clothing and jewelry spending increase. In contrast, in 2009 U.S. retail and service industries over the same period year on year sales growth of 4.1%.

For cheap goods from the discount retailer Target (Target Corp) (TGT) to the United States, Sri Lanka's second-largest U.S. chain of department stores (Macys Inc) (M) of specific sales data and other retailers are expected to be released next year, January 6 then many retailers will be announced in December same-store sales report.