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.
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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