April Retail Sales Plunge Most Since 2005
by Tyler Durden
ZeroHedge.com
04/12/2016
Something ugly this way comes. As we noted last week, despite proclamations that any weakness in US spending or economic data is merely seasonal or transitory, BofA’s credit and debit card spending data revealed that sales were notably weak. Today we get further confirmation of what Retail ETF investors have been seeing for a while as Johnson-Redbook reported a 2.8% plunge in Same-Store-Sales – the worst start to an April since 2005.
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