Retail sales in February were surprisingly better than expected. Retail sales were alot better than the previous month which indicates that consumers are not dead YET. A lot of consumers spending may have been from the dramatic decrease in gas after Christmas, which gave consumers a little faith to go out and spend money. The article says that discount retail stores were improving in sales and surprisingly furniture sales were up considering the horrible housing market we are under. I currently am a design consultant for a local furniture store and consumer traffic has been very encouraging. Consumers are staying in more to cut out on the cost of going out to dinner and movies and staying at home. To comprise that, they would spend money on improving their home with furniture needs to make it more appeal to stay home rather than go out. Another reasons retail sales were better in February is because more and more people are being qualified for unemployment that will last longer than it had in the past. Therefore people are still getting paid so they have a little bit of confidence to go out and shop!
http://www.nytimes.com/2009/03/13/business/economy/13econ.html?_r=1&scp=6&sq=retail&st=cse
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