Tomorrow's June sales figures are expected to show a 3.2% risein June, a marked improvement from the 4.9% drop during the sameperiod last year. But we're still far from seeing an overallrecovery say analysts in this Reuters article.
Bryan Eshelman of AlixPartners tells the news service: "Thefundamental are just not adding up to a recovery." He says thatwe're still feeling the impact of good numbers in comparison toplunges during last year's monthly same-store sales results.
Part of the problem is also the employment picture. It recentlyfell, as we lost 225,000 temporary Census jobs.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
