Southridge Capital on Strong Gains in Marketing and Retail Sectors
With the marketing sector seeing strong gains, Southridge Capital has started to compile research. Norbert J. Ore chair of the Institute for Supply Management Manufacturing Business Survey Committee said, “The manufacturing sector grew for the eighth consecutive month during March.”
The rate of growth as indicated by the PMI is the fastest since July 2004.? Mr. Ore also notes of the 17 industries tracked; only the Plastics & Rubber industry reported a contraction this last month.
Our inflation rate hasn’t moved since these positive numbers have been recorded. Southridge Capital is optimistic since the economy is still undergoing positive growth.
Recent reports have shown the retail market saw strong gains for 5 consecutive weeks. All major retail groups have seen their sales increase.
Since consumers feel better about the economy, they spend more money. Hence, gains in these sectors. Over the past 24 months, companies waited for consumers to spend money, but some couldn’t wait any longer. We all remember some of the big ones: Fortunoff, Circuit City, Chrysler, GM, Filene?s Basement, Eddie Bauer all filed Chapter 11 during this time frame. We feel consumers are finally turning the corner.
One company that has been able to keep it?s head above water over this time is Mattel?s Barbie Doll. For four straight quarters Barbie Doll sales in the United States has increased.
They have also seen a 3% increase in global sales. Mattel, Inc., (NASDAQ:MAT) did some research to see if there would be a demand on making the Barbie Doll as a computer engineer. The doll has over 125 different looks and is at its 52 week high. It is a good sign that consumers have the extra income to keep the Barbie Doll alive.
If you’re interested in discovering more information on this organization go to Southridge Capital directly or view their blogspot blog by clicking this site Southridge Capital.