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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Chen who wrote (181970)	2/5/2009 10:22:17 AM
From: Smiling Bob	Respond to of 306849

The reason the market's not down 200 today is because despite the bad news all around us, AMZNgly the consumer is still shopping- for things like bread, milk, eggs... Thank you Sam. We owe you --- Stores see January sales fall; Wal-Mart posts rise Stores report dismal January sales, with Wal-Mart an exception * Anne D'Innocenzio, AP Retail Writer * Thursday February 5, 2009, 9:26 am EST NEW YORK (AP) -- Shoppers grappling with rising layoffs and shrinking retirement accounts dug deep into survival mode last month, leading to sharp January sales declines for many retailers. The poor results raised more concerns about the financial health of the industry. The malaise crossed the spectrum of retailing, from department chains to teen chains. Wet Seal Inc., Stage Stores Inc. and Children's Place Retail Stores Inc. were among those posting deeper-than-expected sales declines. Wal-Mart, the world's largest retailer, was a notable exception, reporting sales that beat Wall Street's forecast, as shoppers continued to focus on necessities like groceries.