Retail makes modest gains

David Brancaccio May 15, 2013
HTML EMBED:
COPY

Retail makes modest gains

David Brancaccio May 15, 2013
HTML EMBED:
COPY

We could have a conversation about over-consumption in America, and the virtues of simple living. But how big retail chains are doing offers useful insight into the state of the American economy. Macy’s reported its profits are up and that it is raising the dividend it pays shareholders, despite modest gains in sales.

For a read on the economy we turn to Stuart Hoffman, chief economist at PNC Financial Services in Pittsburgh.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.