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Non-Tech : Just For Feet (FEET)
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To: Don Dorsey who wrote (534)3/12/1998 2:19:00 PM
From: Don Dorsey  Read Replies (1) of 750
 
Retail sales are off to a great start this year. This should continue to help the retail stocks.

U.S. Economy: Rising Retail Sales Show Growth Is Strong in 1998
U.S. consumers spent freely in the first six weeks of the year, offering more evidence the economy is growing faster than Federal Reserve policymakers and other analysts expect. Retail sales grew 0.5 percent in early February, following a revised 1.0 percent increase in January -- 10 times the increase initially reported. ''It certainly will raise questions about whether its realistic for the Fed to assume the economy will slow much because of Asia,'' said Michael Englund, chief economist at Standard & Poor's MMS in Belmont, California.
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