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In fact, robust retail participation is critical to the success of the program.
Robust retail sales and a surge in industrial production also appeared to give investors a signal to buy.
A rate cut is still expected, but robust retail sales and improving consumer confidence fed investor worries that this could be the last cut for a while.
He acknowledged that the benefits of a robust retail sector seeped through the rest of the economy in the form of lower prices and interest rates.
But retail banking, in which Wachovia excels, remains the soul of Wachovia's franchise and the SouthTrust purchase is clearly geared toward expanding an already robust retail business.
Indeed, the lowest inflation and interest rates in decades have made this a great time to be a consumer, and to some extent robust retail spending and a healthy housing market have compensated for the stagnation in the business sector.
Similar(45)
This requires a relentless approach to robust retailing, backed up by the product and service," says Fernandez.
On the eve of 2001, I see four economic clouds facing the United States economy: the downward trend of the stock market; signs of less-than-robust retail sales; the overvalued dollar and the resulting current account deficit; and the high personal and corporate debt burden.
After a fairly robust October, retail sales slowed in November as the nation's stores entered their critical time of year.
The banking and insurance company ING Group said that its first-quarter net profit rose 3.3percentt because of robust performance in retail banking.
In Germany, for example, manufacturing orders are rising, but the latest figures on industrial production showed a surprising fall; imports are rising sharply, suggesting robust demand, but retail sales are falling.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com