Wal-Mart, the world's biggest retailer, estimated that November sales rose 4.3 percent at its U.S. stores open at least a year, a key retail measure known as same-store sales. The figure was toward the high end of its forecast for 3 percent to 5 percent growth. The retailer said demand for the day after Thanksgiving beat its expectations at both its namesake discount stores and the Sam's Club warehouse chain ...
“Friday was a record day for the company and clearly exceeded our expectations. We feel we have good momentum going into the holiday,” said Ken Hicks, president and chief merchandising officer for J.C. Penney.
The same article bemoans the “steep energy prices and rising interest rates.” Could we just get a grip, people? The day that Katrina hit the northern Gulf coast the price of regular gas in little old Neenah, WI, jumped 30 cents, from 2.69 to 2.99. Yesterday I bought regular at 2.26, and it's cheaper elsewhere. I guess that shoots the "blood for oil" theory, doesn't it?
I'd better save my breath. As long as Gore or Kerry aren't in office, no economic upswing of any magnitude will matter to the Bush haters. They'll probably come up with some cockamamie story like the oil companies were "persuaded" to lower gas prices with sweetheart tax breaks. Bah!
UPDATE: This report says that sales for the entire weekend were up 22% over last year!