Big Gains in Retail Sales and Industrial Production

| May 21, 2018

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I went to the movies this weekend. I’m probably exactly who the summer blockbuster season is aimed at because I watch the previews and start doing the mental math in my head as to how much a ticket will cost me for the five movies I want to see in the next month. Somebody has to keep the economy going, right? Maybe my movie tickets helped just a little bit with last month’s retail sales numbers. It turns out they were up, but let’s jump into the data. Retail sales were up 0.3% in April, according to the U.S. Commerce Department. Gains in March were also revised up to 0.8% from 0.6% in initial estimates.There were big gains at clothing stores. Price cuts on clothing helped lift sales 1.4%. Home and garden store sales were also up 0.4% with the weather warming. There was a 0.6% rise in sales at non-store retailers, which includes online and catalog sales.

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Charter One Hotels & Resorts

Charter One is a fast moving, performance based, goal oriented hotel ownership, consulting, and management company. We are an organization, where passionate, competent and focused individuals are given the tools, guidance and opportunity to make a difference. 

Since our founding in 1981, Charter One has been known for its dynamic and entrepreneurial approach to operating hotels, purchasing hotels, and providing asset management services.

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