Economic Report: Stimulus Checks Didn't Help Retailers In July

[Omaha Steve]

http://www.laborradio.org/node/9169

Did the stimulus checks do any good? Not in July. According to a report from Thomas Reuters, 65 percent of retailers missed their July sales estimates. The last of the more than $100 billion dollars worth of stimulus checks went out in the middle of July, but the majority had already been sent in the previous two months. Wal-Mart was one of the retailers that missed estimates. The company had projected a 3.4 percent sales increase, but only saw 3 percent.

[Andy823]

1. Many of the people

Used their checks to pay off, or pay down, credit cards, and other bills that they were getting behind on. While some may have went out and bought things at the local stores, I really don't think the majority did so.

[CrispyQ]

2. Lowe's got ours.

My 22 year old front windows & 'leaks like a sieve' back door will be replaced next week. However, I would have replaced them, stimulus check or not.