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A Thought About Retail Sales

posted by Scott Gurvey, New York Bureau Chief at 6:26 PM on 05/13/08

Photo of Scott GurveyThe Wall Street know-it-alls keep trying to bury this economy. But they just can’t do it. Today’s retail sales report, as well as Wal-Mart’s 1st quarter earnings statement, show that while things may be slow, they are not declining.

The people I talked to today see more of the same, flat or just above in terms of sales and growth through the summer, with improvement by the fourth quarter.

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