Retailers, consumers and prices
Check out the latest raft of earnings for clues on the U.S. economy’s health.
LVMH, the world’s biggest luxury group, posted a forecast-beating 13 percent increase in same-store sales, helped by a strong rebound in the United States and Europe.
The Paris-based maker of Louis Vuitton handbags and Hennessy cognac said its wines, spirits, watches and jewelry businesses — all hard hit by the downturn — had benefited from improving consumer spending.
Echoing those thoughts, the Deloitte Consumer Spending Index moved upward in March following two consecutive months of decline. The improvement was driven by an improving job market, declining tax rates and slowing declines in home values.