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Retail Sales Unexpectedly Rise 1.3%
Retail sales grew a higher-than-expected 1.3% in November, compared to October, as gains were recorded across various categories. Compared to November last year, overall retail sales were up 1.9%, the first year-over-year gain since August 2008. The news, which followed reports by some major retailers earlier this month of disappointing results in November, painted a stronger-than-expected picture of consumer spending power and offers hope that consumers can start to propel an economic recovery. Consumer spending accounts for 70% of overall economic activity. Sales at gasoline stations jumped 6% in November and sales of autos climbed 1.6%. But, even excluding these two categories, retail sales grew 0.6%. Sales at general merchandise stores, the category that includes Walmart and Target, climbed 0.8% and department store sales increased 0.7%. Sales also jumped 2.8% at electronics and appliance stores, 1.5% at building material and garden chains, 1.5% at hardware stores, 1% at food and beverage stores and 0.3% at sporting goods and music stores. Sales fell 0.7% at furniture stores and dropped 0.7% at apparel chains, as unseasonably warm weather hurt sales of fall clothing in many areas.
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Date Last Updated: 12/21/2009
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Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new
manufacturing businesses as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.
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