Skip navigation
See all Play-by-Play postsSee all Morning Call posts

Current DateTime: 01:13:32 10 Feb 2012
LinksList Documentid: 23452000
Expiration DateTime: 2/10/2012 1:15:40 PM

Current DateTime: 01:13:32 10 Feb 2012
LinksList Documentid: 23452764
Expiration DateTime: 2/10/2012 1:15:24 PM

MOST SHARED


Current DateTime: 01:13:34 10 Feb 2012
LinksList Documentid: 31330905
Expiration DateTime: 2/10/2012 1:15:45 PM

Current DateTime: 01:13:35 10 Feb 2012
LinksList Documentid: 24355697
  • The World's Best Beers

      Craft brewers account for only about five percent of the US market, but that may be changing.

  • Fashion Stocks Traders Love

      Over the past couple of months, the “Fast Money” traders weighed in on companies that stood out.

  • Best in Show

      Who is the top dog at the Westminster Kennel Club Dog Show

Sales Strong for Non-Home Retail Goods

Published: Thursday, 7 Jun 2007 | 11:35 AM ET
Text Size
By: Scott Reeves
News Writer

Judy Sved of Pittsburgh shops in the Talbots at the Galleria
Gene J. Puskar / AP
Non-home retail goods, such as apparel, performed well.

David Schick, retail analyst at Stifel Nicolaus, told CNBC’s “Morning Call” that retail sales continue to be split between home and non-home expenditures.

“Everything in and around the home has been impacted –- home improvement and home furnishings,” Schick said. “Things outside the home are generally OK. I think May’s numbers suggest that. Late May is maybe a little better than early May in some cases. We haven’t seen much change, but that trend –- home vs. non-home (spending) –- has been in place for some time.”

He said luxury retailers can continue to post strong sales because big-ticket customers generally do well in the market and aren’t concerned about everyday expenses such as gas prices.

Brian Tunick, specialty retail analyst at JP Morgan, said the weak dollar is boosting luxury sales.

“The U.S. is now one of the cheapest places to buy luxury goods, and that has changed significantly over the last three or four years,” Tunick said. “Tourists also have been helping to drive these high-end increases.”

© 2011 CNBC.com
Sectors:Retail

CNBC HIGHLIGHTS

  • Alternative Investing: A CNBC Special Report
  • Marketing clichés aside, sometimes diamonds are for investing.
  • Nordstrom
  • The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
  • Las Vegas
  • This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
  • This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
  • Airdale Terrier
  • Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
  • Jennifer Aniston and Justin Theroux home
  • What kind of homes do celebrity couples share? Here’s our updated list. Take a look.


Current DateTime: 09:37:12 10 Feb 2012
LinksList Documentid: 29778428

Current DateTime: 09:37:11 10 Feb 2012
LinksList Documentid: 29779196

Current DateTime: 11:35:13 10 Feb 2012
LinksList Documentid: 29779197

Current DateTime: 09:37:12 10 Feb 2012
LinksList Documentid: 29779199
CNBCCNBC
About CNBC  |  Site Map  |  Video Reprints   |  Advertise  |  Help  |  Contact
Privacy Policy  |     |  Terms of Service  |  Independent Programming Report
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2012 CNBC LLC.  All Rights Reserved.
A Division of NBCUniversal
Thomson ReutersThomson Reuters