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1Q2015 Recap

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Executive Summary

Current Retail Business Environment
  • Gas Did Not Stay Below $2 per Gallon
  • April US Retail Sales Flat, Showing Slow Recovery
  • Unemployment at Seven-Year Low; Stores Cut Jobs
  • Tax Refunds Increasingly Going to Savings, Repay Debt
  • Consumer Spending Varies by Category
  • Store Traffic Declined, but the Conversion Rate Improved
  • Grocery Leads While Luxury Underperforms
  • Q1—Weak Revenues, Solid Earnings
  • Retailers Expect a Stronger 2H
  • Calendar Impact 1Q2015

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