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Comments on: Weak Warehouse result, disappointing Christmas retail? http://www.tvhe.co.nz/2010/01/07/weak-warehouse-result-disappointing-christmas-retail/ The Visible Hand in Economics Mon, 11 Jan 2010 00:17:18 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: steve http://www.tvhe.co.nz/2010/01/07/weak-warehouse-result-disappointing-christmas-retail/#comment-22577 Mon, 11 Jan 2010 00:17:18 +0000 http://www.tvhe.co.nz/?p=4608#comment-22577 you are prob right laptop,

the point of the article is to show that data for warehouse is not representative. for example, if spending at the warehouse had gone up, it could be a sign that is negative for the economy because people chose inferior goods over luxury goods. Instead, spending was down at the warehouse, so it is possible people are now secure enough in their jobs to spend less at the warehouse, and more on luxury items.

As Matt said, we need to see the data on the 15th, to actually know what is going on.

In terms of strong sales before xmas day, my expectation is that people held off spending untill xmas was closer, so they could be sure of income to pay those credit card bills. i.e. spending was down at the start of dec, but recovered in late dec as people were more secure in employment.

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By: Laptop Briefcases http://www.tvhe.co.nz/2010/01/07/weak-warehouse-result-disappointing-christmas-retail/#comment-22571 Fri, 08 Jan 2010 21:42:30 +0000 http://www.tvhe.co.nz/?p=4608#comment-22571 I think most countries had a rather weak Christmas spending season. It only makes sense with the weak economy. A lot of people were likely tightening up their spending, which included less presents. I think most businesses were expecting this trend this holiday season.

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By: Swimmming Pool Supplies http://www.tvhe.co.nz/2010/01/07/weak-warehouse-result-disappointing-christmas-retail/#comment-22552 Thu, 07 Jan 2010 06:57:23 +0000 http://www.tvhe.co.nz/?p=4608#comment-22552 Sales in our part of the country were dismal. It seems like there were more people looking for sales after Christmas, with the amount of foot traffic I saw at our local Mall. We shall see when all the data comes in at the end of this month…

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