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Chain Store Sales Growth Worst Since 2010 (Or Why "The Fed Turned The Market Around")
If you wondered why "The Fed turned the market around" last week, acting so sensitively aggressive to act with stocks only down modestly from record highs, one glance at the following chart might answer the question. During last week's turbulence, ICSC-Goldman Chain Store Sales growth plunged to a mere 2.1% YoY - the weakest in 5 months and worst for this time of year since 2010.

Does this seem like a nation of consumers willing to take up the animal spirits, confident-about-the-future, torch of escape velocity spending from The Fed?
Charts: Bloomberg
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Yep, Lou, looks like a strong recovery in process.
Teh FED did not turn the market around, they bent it over and went full porkies on it......
Easy button
Everything is Awesome!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(those with younger kids will get this one)
pods
Do grandkids count? ;-)
We are just one carrington event away from being brought back to balance.
Next we will need to monetize the consumption in our dreams. Fictional dollars for fictional consumption.....no productivity required.
Greenshoots! I see greenshoots!
That's just mold...
If one turns off all noise making devices and listens carefully they can hear the the fat-lady's siren aria of the petrodollar.
https://www.youtube.com/watch?feature=player_detailpage&v=5Hfe_1Fny-Q#t=26
An American, not US subject.
Blame the weather...or Bush...or Ebola....but never say its because NO ONE HAS ANY FUCKING JOBS\MONEY TO SPEND ANYMORE! (or have maxed out their credit).
I have money, just not the kind they except at the retail outlets....yet :)
Actually they may except it...just not accept it...;) Sorry, Mom's an English teacher...
These guys doing ok: http://www.nasdaq.com/symbol/aapl
People aren't spending as much $ on COKE & MCD, thank God!
They're sitting on their asses staring at a tiny screen all day. Thank God!!!
Nobody has any fucking money. Well..... 1% of the people do.
When they buy a new tesla for 100k or some other car for 200k, it is like the 99% buying 5 or 10 cars. It's all good.
That'll carry us all along for another year...then what? And where will they put all those lower class vehicles made by all those livable wages union folk...oh yeah...
Chains are so old hat.
Handcuffs are the new rage!
McDonald's down, coke down, chain stores down, yet consumer confidence at all time highs every month. Don't look behind the curtain.
Consumers are on a fructose, hi-fat, hi-carb high. Wait until their blood sugar returns to normal. Their 'confidence' will fizzle.
Middle-class people in the USA have a median of $20,000 saved for retirement, far short of the $250,000 they think they'll need during that time of their lives, a new survey shows.
A third (34%) of working middle-class adults aren't contributing anything to a 401(k), IRA or other retirement savings plan, according to the survey of 1,001 adults, ages 25 to 75, with a median household income of $63,000. The survey was conducted by Harris Poll for Wells Fargo (WFC).
Those who are putting away money for retirement are currently saving a median of $125 every month, the survey shows. About 61% say they're not sacrificing a lot to save for retirement, but 38% are sacrificing to tuck away money for their golden years.
http://www.usatoday.com/story/money/personalfinance/2014/10/22/retiremen...
"Hope and change" No change? Keep hoping!
The parasites are waiting for their EBT/SNAP card to be refilled.
Yeah, when that doesn't happen, we will have the zombie apocolypse.
I prefer to call them feces.
EBT/SNAP Card, Fed Window. What's the difference? BOTH are WELFARE! IMO it is the ULTIMATE sign of a WELFARE QUEEN to stand in line at the FED WINDOW to buy back stock to mask the NON-EARNINGS that are the basis for what's to come......Pussy corporations and their PUSSY leaders...
Just at the brand new mall yesterday.
Totally dead. "Zombie paradise."
I'm so broke if I had your money I'd throw mine away
These Animal Spirits are headed to the Pet Cemetary.
Layaway at the dollar store will fix it.
Yeah, but thrift store sales are up 5.5% YOY!
Oh.......wait...
Our favorite place to shop!
coal(or heating oil) is going to be a popular gift this winter,
ICSC-Goldman Chain Store Sales growth plunged to a mere 2.1% YoY - the weakest in 5 months and worst for this time of year since 2010.
especially worrisome since retailers are pulling forward holiday sales ever earlier.
and, oh, hello slumping sales -
WASHINGTON, October 10, 2014 – Import cargo volume at the nation’s major retail container ports is expected to see a final surge and set a new monthly record in October as the holiday season approaches,
https://nrf.com/media/press-releases/retail-imports-set-new-record-final...
Did my part on the "spirit" front as our purchases of wine were quite extensive last month. As for everything else, well not so much as to be quite honest, we really don't need much more. Funny, this is probably something the Fed and Washington just can't seem to grasp as with an aging population that has to endure (over the last 14 years) a dot.com crash and damage from 9/11, the biggest housing bust on record, followed quickly by another stock market implosion which of course led to wide spread job losses, two things should be very apparent. First, most people are just reaching a point of getting somewhat "stable" again (and I use this term lightly). Second, I believe most people have finally learned a little something about personal finance and are living more closely within their means and aren't buying the BS anymore. As the old saying goes, fool me once shame on you and fool me twice, shame on me (or maybe it should read, fuck me once shame on you, fuck me twice, hell I must really enjoy "dancin for the man").
Also, it was of interest this past week how three of the biggest and well known brands in the US, Coke, McDonalds, and IBM, all delivered crappy news. Each for their own reasons but non the less, all three brands/companies have some real problems/issues to contend with. Didn't break my heart that two of the three are directly associated with Mr. Buffett who seems to may be starting to lose is golden touch and stuck in business models that are so 1980's. But it is clearly driving home an important message that the world is changing very rapidly and so too must businesses and their economic models. For the businesses that adapt, boundless new opportunities await and for those that don't, well they'll most likely become the next Sears/K-Mart, JCP, and RS.
Now, if the US government and the Fed could simply grasp this simple concept of a changing world and marketplace, I might have a little more confidence in the economy and our fearless leaders. But unfortunately the US is stuck in a 25 to 50 year-old mindset centered around fear, control, and dominance rather than displaying real leadership and direction. As duly noted by the last Ceaser played by the late Richard Harris in Gladiator (Marcus Aurelius), "So much for the Glory of Rome".
an artificially supported system coupled with huge percent of the population that doesnt believe "anything" anymore is a prescription for disaster
no rule of law / insider transactions for everything under the sun / propaganda that is easily deciphered / and chaos as the objective everywhere in the world
means people in general are moving to the sidelines in mass - waiting for the breakpoint - my sense is that people are spooked and know that nothing is real about Obama nor the markets
sit on your hands!
Last one out, please turn off the lights. Thanks!
Just waiting for Black Friday, or um Black Thursday into Friday, oh wtf Black everyday Thanksgiving to Xmas. Solved it for them, and just remember profits don't matter, volume does.
Where have you been, it already started...
Right - what we lack in profits, we'll make up in volume! (beyond retailers, isn't that also all the .com companies save for 1 or 2 at the top of the ponzi?)
Next the Federal Reserve starts bailing out the chain stores. Own everything. It's their type of mindset.
Fire up those Fed helicopters full of fiat money. How about some $50,000 checks. An instant injection of immediate inflation.
Walked into a salvation Army thrift store and they had people.
The people playing the market are driving new Maserati's. The Fed's transfer of saver's money to stock profits.
While the 80% are shopping at second-hand thrift stores.
another late black friday (the 28th) ... thanksgiving anywhere between the 22nd and the 28th ... fewer days between thanksgiving and christmas
and last year had a 1 time boost to Black friday weekend sales ... many of the big boxes opened at 6pm thanksgiving rather than "traditional" 12am friday ... this year it will be accounted for ... that is until big boxes start opening at 4pm ...
And Yet - the analysts will all blame the weather whether too bad or too good for the obvious predictable lowsy holiday retail numbers !
Chappelle spoke for most of Americans..
https://www.youtube.com/watch?v=u21lYnGbnUY
2.1% YoY from GS means it was a lot worse - likely -2.1% YoY
GS = Feds
As criminal as all the fakery of econ stats is, the one funny thing to watch is how after they've faked a number for months and months and months, they do have to kind of bring it back to some semblance of reality (after all the seasonal adjustments and all.) In other words, they can't completely control all the raw data. Funny how the adjustments will happen sometime after this upcoming election, and then again in 2016, I'm sure. Yeah, but when our multi-massive-bubble economy finally bursts for real, there will be no head fakery, or otherwise for that.
But boy have those folks at the BlS determined how to monkey the headline UR around - for YEARS now...as has been outlined here ad nasueum.
"Does this seem like a nation of consumers willing to take up the animal spirits, confident-about-the-future,..."
As a matter of fact it does. Chain store sales have been hovering around 2% YOY, consistent with the growth of the economy. In the last 5 month they've been a little higher than that, dropping to the previous level is quite all right. Relax!
New real estate lingo:
Anchor tenant: the 1st store in the mall that folds and sinks to the bottom.
Chain stores: dead business model stores, closed and surrounded by chains.
Brick and Mortar stores are dead, online retailing is the future.
Christmas shopping season is here! Only want a few joints of pot and some good scotch whiskey.
Another Obola Success story!!
It's interesting that succes in Western countries apparently depends on more and more and more and more consumption ... of the same. What a tragical, horrific ideology.
The sheeple can start a reset with just one quarter of only essential spending - most retail profits are as a result of December sales. Start the dominos falling now and starve the beast.
Its too bad chain stores aren't plummeting as a result of people developing taste and preferring localism and true diversity in the availability of goods.