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Non-Tech : Retail Sector Earnings Reports -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (233)	9/15/2002 11:27:03 PM
From: SusieQ1065	Read Replies (2) \| Respond to of 246

Jim Brown on the Retail Report... Retail Sales came in stronger than expected at +0.8% but only half that rate, +0.4%, without the strong auto sector. However electronics and appliances fell -0.4%. Clothing and accessories fell -0.3% with the biggest gains in furniture at +1.7% and auto parts +1.9%. It appears the nesting consumer is feathering their nest and fixing up their cars. Back to school sales fell at department and apparel stores which when coupled with the slow electronics sales is still bad news for the PC sector. Consumers appear to be taking money out of the markets to buy houses at once in a lifetime interest rates and cars at zero percent down.