Retail Beat
By William Trent, CFA of Stock Market Beat
Personal income in July was $11,015.2, up 0.5% from June. Nominal personal consumption expenditures (PCE) rose 0.8%, while real PCE increased 0.5%. Nominal disposable personal income (DPI) rose 0.7% while real DPI increased 0.3%. The personal savings rate as a percentage of DPI was -0.9% in July.
The Good
Nordstrom
Abercrombie and Fitch (ANF)
Bebe, Inc (BEBE)
The Bad
Gap Stores (GPS)
Jos. A. Bank (JOSB) (Watch List)
Pacific Sunwear (PSUN)
JC Penney (JCP)
The Verdict
Slowdown? Maybe. But if you have the right merchandise consumers will still spend more than they earn.
http://stockmarketbeat.com/
Personal income in July was $11,015.2, up 0.5% from June. Nominal personal consumption expenditures (PCE) rose 0.8%, while real PCE increased 0.5%. Nominal disposable personal income (DPI) rose 0.7% while real DPI increased 0.3%. The personal savings rate as a percentage of DPI was -0.9% in July.
The Good
Nordstrom
Abercrombie and Fitch (ANF)
Bebe, Inc (BEBE)
The Bad
Gap Stores (GPS)
Jos. A. Bank (JOSB) (Watch List)
Pacific Sunwear (PSUN)
JC Penney (JCP)
The Verdict
Slowdown? Maybe. But if you have the right merchandise consumers will still spend more than they earn.
http://stockmarketbeat.com/
posted by douglas mcintyre at 5:08 AM
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