This is decent news, but recall that 1 month does not a recovery make.
...Menomonee Falls-based Kohl’s said sales at its stores that have been open for at least a year increased 22.5 percent from the same month a year ago.
...Other retailers’ comparable store sales for March included: American Eagle Outfitters, up 15.0 percent; Limited Brands Inc., up 15.0 percent; Saks Inc., up 12.7; Bon-Ton Stores Inc., up 11.4 percent; The Gap, up 11.0 percent; Macy’s Inc., up 10.8 percent; Target Corp., up 10.3 percent; Costco Wholesale Corp., up 10.0 percent; and J.C. Penney, up 5.4 percent.
At the same time, aggregate consumer debt is dropping.
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Folks are paying down their debt and have held off on some purchases until they were needed - like new spring clothes for the kiddies... note that tax refunds are coming in as well.
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