Hail to Retail, Janet Yellen’s In the Hot Seat and Lego’s Leg Up

A tale of retail….

Courtesy of digitalart/FreeDigitalPhotos.net

Courtesy of digitalart/FreeDigitalPhotos.net

I’m guessing you did a lot of shopping in the last few months, huh?  No? Not you? Well somebody around you did.  Actually a lot of people around you did. A lot. Retail stocks shot up beating forecasters expectations.  Companies like Sears and JC Penney, which took some big hits in recent months, rebounded with better than expected earnings.  And Best Buy?  It’s like whoa! Up 7% as I write this. Sadly you weren’t feeling the love for Chico’s.  What’s that all about? It was the glaring exception to this upward trend whose shares dipped an unflattering 8% after disappointing earnings.  Yikes.

Everything’s coming up chilly…

Photo courtesy ponsulak/FreeDigitalPhotos.net

Photo courtesy ponsulak/FreeDigitalPhotos.net

Arguably one of Wall Street’s biggest It people, Janet Yellen, took center stage today before the Senate and yes, she is a sensible central banker. Phew. Glad we got that out of the way.  And she thinks just like you do when you were surveyed by the consumer index, which, btw,  speaks volumes to both of yours intellect – namely that the economy is recovering. But darn be that chilly weather, she says, that keeps messing everything up (though it’s difficult to say just how much) – from the economy right on down to my very own driveway. Among her other important statements (none of which included anything about my driveway) she repeated the Fed’s promise to keep interest rates low as long as unemployment is still above 6.5%.  Does that make the situation a win/win or a no win?  Well that depends, I suppose on whether or not you are gainfully employed.

Go Go Lego…

Courtesy of ArtJSan/FreeDigitalPhotos.net

Courtesy of ArtJSan/FreeDigitalPhotos.net

If you still haven’t seen The Lego Movie you’re missing out. But Lego’s not too worried.  While the toy flick stayed #1 at the box office for the last three weeks and continues to pull in some impressive digits worldwide, it’s their other brands like Chima and Lego Friends that has this toymaker pulling in about $4.65 billion in 2013.  And while those numbers are nothing to sneeze at (yes, that ended in a preposition and ironically I did just sneeze )  it’s still second to Mattel with its $7.1 billion worth of Barbies and Fisher Price line.

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