As you know, U.S. retail spending drives nearly three quarters of the U.S. GDP. A close look at retail trending shows a rebound that was good news for holiday retailers. They went into this year’s season with much better control over their inventories and a more calculated approach to their operations than in the later part of 2008 -- back then it appeared that the economy was heading south fast and any calculations for guidance that they had done previously was far helpful.
U.S. Retail Sales Y/Y - 3 Month Moving Average
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