Thursday, February 5, 2009

Wal-Mart's Same-Store Sales Show Solid Rise in January

This is impressive and continues to show a further change in the consumption/savings ratio in favor of the consumer.

Wal-Mart Stores said that same-store sales rose 2.1 percent at the company's U.S. namesake stores and 2.4 percent at its Sam's Club warehouses during the four weeks ended Jan. 30.

The company said sales were driven by higher customer traffic. At Wal-Mart Stores, groceries and health products sold better than other products. At Sam's Club, food was the biggest seller as well, and baby care and pet items were also strong.

It's movies and Wal Mart leading the restructuring of the consumption/savings ratio in favor of consumption. But the Fed is pumping furiously to distort the economy in terms of the capital goods sector. Soon it will be better than expected car, housing and machinery sales only to be followed by greater inflation because of the Fed printing.

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