{"id":5783,"date":"2009-11-16T14:01:20","date_gmt":"2009-11-16T19:01:20","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=5783"},"modified":"2016-09-20T05:24:41","modified_gmt":"2016-09-20T09:24:41","slug":"david-rosenberg-on-retail-sales","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2009\/11\/16\/david-rosenberg-on-retail-sales\/","title":{"rendered":"David Rosenberg on Retail Sales"},"content":{"rendered":"<p style=\"text-align: left;\">Some commentary on the retails sales numbers released last week. This is consistent with what we are seeing this week as well.<\/p>\n<p style=\"text-align: left;\">Analyst David Rosenberg:<!--more--><\/p>\n<blockquote>\n<p style=\"text-align: left;\">According to the Redbook survey, same-store sales were running at +1.7% YoY as of November 7th \u201d\u201d below the target of +2.2%. Remember, the comps are very \u201ceasy\u201d\u009d given last year&#8217;s meltdown, so +1.7% is actually quite poor.<\/p>\n<p>As for any inflation pressure \u201d\u201d it is just not there. The Redbook said \u201cHoliday merchandise is beginning to be displayed in stores as retailers are promoting earlier than usual. Some stores are already in a rush to cut prices and extend store hours in an effort to create a \u201cBlack Friday\u201d\u009d everyday.\u201d\u009d<\/p><\/blockquote>\n<p style=\"text-align: center;\">\n<p style=\"text-align: center;\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/11\/Redbook-20091112.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4517 aligncenter\" title=\"Redbook 20091112\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/11\/Redbook-20091112.jpg\" alt=\"Redbook 20091112\" width=\"583\" height=\"332\" \/><\/a><\/p>\n<p style=\"text-align: center;\">___<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.podcastawards.com\/\"><strong>Vote for The Disciplined Investor Podcast in the 5th Annual Podcast Awards<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.podcastawards.com\/\"> <img decoding=\"async\" class=\"aligncenter\" src=\"http:\/\/podcastawards.com\/imageSelect.php?size=468x60\" border=\"0\" alt=\"\" \/><\/a><a href=\"http:\/\/www.podcastawards.com\/\"> <\/a><\/p>\n<p style=\"text-align: center;\">Disclosure: <a title=\"Horowitz &amp; Company\" href=\"http:\/\/www.horowitzandcompany.com\">Horowitz &amp; Company<\/a> clients may hold positions of securities mentioned as of the date published.<\/p>\n<p style=\"text-align: center;\">\n","protected":false},"excerpt":{"rendered":"<p>Some commentary on the retails sales numbers released last week. This is consistent with what we are seeing this week as well. Analyst David Rosenberg:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[481,304],"class_list":["post-5783","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economy","tag-retail","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/5783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=5783"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/5783\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=5783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=5783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=5783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}