Sales in February Rise Remarkably Despite Bad Weather
Sales in February Rise Remarkably Despite Bad Weather

Evading the fears of losses in sales due to the terrible snowstorms in February, the U. S. markets have witnessed a remarkably high scale of sales since 2007.

"If anybody was wondering about the real state of the consumer, this is their answer", said John D. Morris, a retailing Analyst with BMO Capital Markets. "The consumer is coming back", he added.

However, the figures have initiated an uncertainty in the economy as it is an indication of high consumer spending, despite unemployment.

"While retailers reported modestly positive results, we remain unconvinced that this is evidence of a sustainable trend", said Moody's Investors Service in a statement.

The analysts have warned a possibility of heavy debts being bagged by the consumers by the end of the year.

Still, as compared to the sales in February 2009, there has been a rise of 4% in the sales.

The International Council of Shopping Centers has revealed that the industry has undergone 3.7 percent increase.

In particular, the stores that sell branded products at a lesser rate have marked better sales.

The same store sales surged by 11% at Ross Stores and 10% at TJX Companies, in February.

The International Council of Shopping Centers is looking forward to a further 2.5% rise in the same-store sales, in March.

Latest News

Father Shoots Girl’s Laptop, Posts Video on Youtube
Apple Begins Inspection
Researchers Blame Technological Advancements For Kids’ Poor Sleeping Pattern
The Google Motorola Deal Approved By US and EU
Replace Sugary Drinks with Water to Lose Weight
NASA Scientists Develop New Space Testbed
Scientists Expecting Life at Icy Dark and Cold Regions
Mysteries Behind Milky Way Galaxy To Be Unveiled
Scientific Equation behind the Shape of Ponytail Unveiled
Cooma People Encouraged To Donate Blood
Knox Receives Less Dental Care Funding
Massive Fight in Sydney Club