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  Retailers Not Seeing Slowdown
Posted Under: Data Watch • Retail Sales
While forecasts of a double dip recession are a dime a dozen, companies like Macy's and Toys 'R' Us are gearing up for a strong holiday shopping season.  A recent CNN article reports that Macy's is planning to hire 78,000 workers during the holiday season, a 4% increase from last year.  Toys 'R' Us is also planning to hire 40,000 workers.  As the co-founder of Staples said on CNBC on Monday, it seems companies are looking at sales reports, and ignoring pessimistic economic forecasts.  We view these decisions by Macy's and Toys 'R' Us as another sign that the US is not slipping back into recession.
Posted on Wednesday, September 28, 2011 @ 10:54 AM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
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