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FYI

Business Outlook

Briefly.....

The National Retail Federation forecasts a modest 2.2% increase over last year's holiday spending, about one-half the increase we've been seeing the last few years. Total holiday spending in the November-December holiday period is expected to hit $470 billion.

To reel in sales from consumers who have been hit from all sides with woeful economic news, retailers will need to use every trick in their respective creative bags.

"Retailers that offer unique value propositions — in terms of price, customer service, loyalty programs or some other means — will be best positioned to attract the consumer's attention," said Stacy Janiak of Deloitte's Retail Group.

National 2008
September 6.1%
August 6.1%


2007 2008
Q3 Q4 Q1r Q2r Juner Julyr Aug.p
r = revised; p = preliminary
Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate.
Nonrevolving credit includes automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers or vacations. These loans may be secured or unsecured.
Source: Federal Reserve
Total 7.5% 4.0% 5.2% 4.1% 4.1% 2.4% -3.7%
Revolving 8.5 7.7 7.6 3.5 3.4 5.0 -0.8
Nonrevolving 6.9 1.8 3.7 4.4 4.6 0.9 -5.4


Permits United States Northeast Midwest South West
August '08 numbers are preliminary
Source: Bureau of the Census and National Assn. of Realtors
August '08 854 83 148 439 184
Change from Aug. '07 -36.4% -43.5% -24.9% -31.4% -48.7%
Starts
August '08 895 153 133 403 206
Change from Aug. '07 -33.1% 56.1% -44.6% -42.1% -32.0%
New home sales
August '08 460 32 74 276 78
Change from Aug. '07 -34.5% -45.8% -39.3% -24.4% -50.0%
Existing home sales
August '08 4,910 850 1,140 1,860 1,070
Change from Aug. '07 -10.7% -15.0% -12.3% -15.1% 4.9%


Last year
10/16/2008 10/18/2007
Dow 8979.26 13888.96
NASDAQ 1274.91 2373.16


Source: Data Network, Huntington, N.Y.
Information and data herein, though believed accurate, is not guaranteed. Data Network is not liable for any inaccuracies.
Dow -36.35%
NASDAW -46.28%


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