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Tag: retail sales

Inside the December Retail Report: “Disappointing” Isn’t the Half of It

by David Stockman Today’s 0.9% decline in December retail sales apparently came as a shock to bubblevision’s talking heads. After all, we have had this giant “oil tax cut”, and, besides, the US economy has “decoupled” from the stormy waters abroad and is finally on its way to “escape velocity”. The Wall Street touts and Keynesian economic doctors have been saying that for months [...]

What NCR just Said about the American Retail Quagmire – And What it Also Means for Commercial Real Estate

by Wolf Richter Wolf Street When NCR announced its preliminary and disappointing third quarter results today, it lowered its guidance for the rest of 2014. Its stock got knocked into a breathtaking 21% plunge. While at it, NCR revealed to just what extent brick-and-mortar retailers were sinking into a quagmire. The maker of, among other things, point-of-sale devices for the retail industry[...]