U.S. Day Ahead: Retail sales could be better than expected
Wednesday, June 12, 2013 - 01:50
June 12 - Experts at IFR say consumers are likely shaking off the effects of austerity earlier than anticipated and shopping more in May.
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Retail sales are out before the -- it could be yet another indication as to whether the Fed might wind down stimulus. Our expert that I -- far Cecile should jump higher than expected to six -- of a percent in May that would be the best reading in about three months. According to IFR it now looks like consumers are shaking off the impact of -- theory. Americans are spending more in malls and buying building materials and expensive trucks. Don't miss our interview with former White House chief economist Glenn Hubbard on insider he's as investors should be worried about the Fed's exit from its controversial bond. Expect fragrance maker -- too hot when he began trading on the New York Stock Exchange. They -- saying -- priced at the high end of -- IPO making the company worth around seven billion dollars that would top Michael Moore is lodged in December 2011. Still investors could be getting ahead of themselves. They get 37% of its revenues here in North America as well as in Europe and has very little business in China and the rest station which -- the fastest growing your markets. It also gets about half its sales from mass market products like Playboy. Fragrance. Whereas the luxury and -- what has driven companies like Estee -- to see pictures of all time highs. And lululemon shareholders get another chance to ask CEO Christine game why she's heading for the door when she speaks at a conference in Chicago. Jay Don the business world on Monday when she said she was leaving the company despite reporting better than expected earnings. Since then lululemon shares have tumbled over 20%. Industry sources say one possible successor is an Al Abbas -- more reaching change. And follow us on Twitter Reuters Insider and get more of our videos that Reuters dot com slash writers TV I'm -- that you mom this is greater.
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