Look Out for Falling Retail Sales

Remember those Wal-Mart commercials that warned, "beware of falling prices? :)" Consumers should now beware of falling retail sales, retailers and executives on the ledge after the reported same store sales this week - an important measure of the health of retailers open for at least one year.

Target: -6.1%
Limited: -7%
JC Penney: -8.2%
Macy's: -9.1%
Dillards: -12% (predicted -7%)
Nordstrom: -13%
Saks Fifth Avenue: -26.6% (predicted -14.5%)
Abercrombie and Fitch: -28%
Tiffany & Co: -64% (1Q profit drop)

Add this in to the recent numbers of US comprable retail sales dropping THIRTY-FOUR PERCENT (34%) and we start to see the big picture.

Wal-Mart's same store sales are up 3.4% this year with a parabolic up trend as they continue to eliminate not just local competition but regional and national retailers as well. Americans will no longer be buying only useless shit from Wal-Mart but also all the cheap genetically engineered foods and basics made abroad they need to survive.

As goes Wal-Mart goes the US - maybe they can start selling GM cars now for $999.99? Just a thought...

To get you in the mood this morning here is a little Tom Petty and no, he isn't singing about the US Economy...