Retail Sales Move Higher, but Macy's Layoffs Signal Caution
Retail sales managed to move a tiny bit higher in December but sales at electronic stores and appliance stores, normally the base for big-ticket holiday purchases, fell by 2.5%.
Retail sales managed to move a tiny bit higher in December with most purchases coming in for lower priced products. Sales at electronic stores and appliance stores, normally the base for big-ticket holiday purchases fell by 2.5%. Keith Bliss of Cuttone & Co. believes investors should pay close attention to the retailers earnings in February for 2014 guidance. However, as Macy's lays off 2,500 workers and closes stores, actions may speak louder than words.
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