So far, even without strong job growth and with continued weakness in housing, consumers continue to spend, which is helping to drive the economic renewal, albeit sluggishly. This is positive and clearly encouraging once the jobs and housing areas improve. The Fed realizes this.
The headline Retail Sales reading for May fell 0.2%, above the estimate of negative 0.7%, but was lower than the downward revised 0.3% in April.
Excluding the auto portion, Retail Sales increased a slightly better than expected 0.3%, albeit it was lower than the downward revised 0.5% in May.
On the plus side, consumers are spending, but the lack of consistency is troublesome. And given that gasoline prices are high, it reduces the disposable income consumers have to spend on goods and services. You probably won t buy that DVD player you had been eyeing. This may not sound like a big deal, but think about it this way. Not buying that DVD player has a trickle-down effect as far as spending and negatively impacts total spending.
But this is not to say you should avoid retail. The key for success is selective picking.
My investment advice and best stock advice to you would be to stick with the leading discount bellwether retail stocks.
In the large-cap area, examples of these include Wal-Mart Stores, Inc. (NYSE/WMT), Target Corporation (NYSE/TGT), and Costco Wholesale Corporation (NASDAQ/COST).
Costco reported a 13% jump in its key same-store sales reading in May, above the 11.2% estimate polled by Thomson Reuters. Net sales for May surged 17% year-over-year. The results are consistent and continue to show steady growth; but, for that extra bit of growth, you should look at the smaller discount retail companies.
Costco, for instance, has a market cap of $35.02 billion and is estimated to report sales growth of 12.5% and 7.9% for the FY11 and FY12, respectively.
For comparison, take a look at small-cap PriceSmart, Inc. (NASDAQ/PSMT), an operator of 28 warehouse clubs in 11 countries in Central America and the Caribbean. PriceSmart reported a booming 19.0% increase in its same-store sales in May, along with an 18.7% year-over-year rise in May net sales. The reading was the 19th straight monthly increase. These numbers are well above the growth metrics for Costco. Consider the comparative sales growth for PriceSmart, which is 16.80% and 7.90%, for the FY11 and FY12, respectively. The growth estimates are probably conservative and could really take off if the expansion continues.
Another interesting discounter is large-cap Dollar General Corporation (NYSE/DG), which operates a staggering 9,300 stores across 35 states. Dollar has reasonable valuation and above-average price appreciation potential for investors.
And when housing picks up, I expect spending to continue to increase, especially on non-essential goods and services reflected by Durable Goods.
It does appear that a reversal is occurring in retailing. The key is to look for same-store sales growth in retailers that sell non-essential goods. Increases here could mean that consumers are spending on goods and services that are non-essential. These include electronics, appliances, furniture, autos, and other big-ticket items. For a contrarian pick in electronics, take a look at Best Buy Co., Inc. (NYSE/BBY), which has rallied since reporting weak Q1 results.
My favorite in the retail space continues to be the discounters and big-box stores. The big-box stores are now selling a broad range of electronics and are adding to their product lines. This will offer consumers a one-stop place for shopping and make more money for these companies.
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MIFARE: SMALL CHIP CHANGED THE WORLD OF AUTO FARE COLLECTION
MIFARE is a Semiconductor under the trademark NXP Semiconductors which are a array of chips commonly used in contactless smart cards and other proximity cards. The trademark of this technology is owned and registered by NXP Semiconductors (divided from Philips Electronics in the year 2006), it has its headquarters in Eindhoven, the Netherlands, and its basic business sites are available in Nijmegen, the Netherlands, Hamburg, and Germany. MIFARE technology is accepted for most of the contactless smart card works all over the globe and thus, it is seen as the most successful platform in the world of automatic fare collection. Additionally, its luring and persuasive product mix includes the best solutions for other applications like loyalty, road tolling (toll tax), access management and gaming (fun cards for games like ice hockey).
The name of Mifare cards has come from the phrase MIkron Fare Collection System , which is available in various kinds of contactless cards: 1. MIFARE Ultralight: which was introduced in 2001 2. MIFARE Ultralight C: which was introduced in 2008 3. MIFARE Classic: which was introduced in 1994 4. MIFARE Plus: which was introduced in 2008 5. MIFARE DESFire: which was introduced in 2002 6. SmartMX: 7. MIFARE DESFire EV1: which was introduced in 2006 8. MIFARE SAM AV2: which was introduced in 2010 9.
Origin of MIFARE Mikron developed this system called MIFARE; therefore, the name stands for MIkron FARE-collection System. In the year 1998, it was acquired by Philips Company. After which, Hitachi went into contract for the license of MIFARE with Philips for introducing and to develop the solutions for contactless smart card for NTT’s IC telephone card, which started in the year1999 and ended in the year 2006. Motorola also tried hard to develop a series of chips like MIFARE for their wired-logic model but at last they had no option except giving up. Afterwards, 3 parties joined in the project of NTT contactless IC telephone card; namely: Tokin-Tamura-Siemens, Hitachi (under Philips contract for the technical support), and Denso (a Motorola s only product).initially, NTT demanded for 2 versions of the chip, i.e. first is a wired-logic chip (similar to MIFARE Classic) having very little memory but large memory capacity. Hitachi used to develop only large memory versions and left parts of the memory to actually fit for the versions of small memory. NXP developed and licensed MIFARE Plus and MIFARE DESFire to Renesas Technology in the year 2008. And in the year 2010, NXP technologies developed and licensed MIFARE to Gemalto. In the year 2011, NXP technologies developed and licensed Oberthur to make use of MIFARE in SIM cards. All these licensees had been developing Near Field Communication products also.
Emirates Slashes Fuel Surcharge, Etihad Offers Special Promotion Fare
Emirates, the largest airline in the Middle East, has ensured that holidaymakers this summer have a reason to smile.
The airline announced on Sunday the withdrawal of its fuel surcharge on all of its flight tickets as the oil prices went tumbling down recently. With this move, Emirates hopes to attract holiday travellers during the peak travel season.
Tim Clark, President of Emirates Airlines, was quoted by different news portals as stating, “In line with the recent decrease in fuel prices, Emirates has removed its fuel surcharge on all tickets.”
“The removal of this surcharge reflects our longstanding commitment to our customers. We promised our customers from the outset that we would eliminate the surcharge as soon as it was commercially viable and this has now been done. We continue to closely monitor the situation,” Tim Clark continued.
The slashing of air fares is surely a welcome announcement for vacationers who were hoping to book tickets on cheap flights. Emirates, an airline with its hub at Dubai airport, may not be known for its cheap flights but the decline in airfares is surely going to attract passengers who prefer luxury along with some affordability.
It was on April 18 that Emirates announced its latest fuel surcharge on flight tickets. While announcing the hike, the Emirates’ spokesperson had stated, “Due to the current volatility of oil prices, Emirates is introducing a fuel surcharge to reflect the substantial recent increases in our fuel costs.”
The spokesperson was additionally quoted as saying, “Emirates has already incurred substantial costs by absorbing the recent price rises, but the surcharge gives us the ability to respond faster to market conditions, rather than a lengthier process of incorporating them into fares.”
However, Emirates’ this particular fuel surcharge lasted only three month, much to the advantage of the travellers.
Another major Middle East airline, Etihad Airways, also announced a new sales promotion offers for its UAE and GCC based travellers. The new promotional offer allows its travellers to fly cheap as the airline is offering return economy class air fares with up to 40 per cent discount on regular air fares for the month of May for journeys to be completed in May.
“Last week we were recognised as the Middle East’s Leading Airline at the region’s World Travel Awards, so we are very excited to offer these sale fares to complement the win, designed to help all our UAE based customers choose their perfect holiday or short break during May,” Hareb Al Muhairi, Etihad Airways’ Vice President Sales UAE was quoted as saying by various news websites.
On the other hand, travel experts believe that not many carriers are going to follow Emirates and Etihad Airways in terms of slashing air fares.
Plan a Trip to Jammu and Save Sizeable Amount of Money on Air Fare
Jammu is the winter capital of the state of Jammu and Kashmir and considered a major centre of art and culture. The beautiful city has countless temples and shrines, pleasant climate, breathtaking views and harmonious sights that attract the attention of tourists from all across the world. The tourist attractions include forts and temples. Some of the popular places to see in this city are Ranbir Canal, Bahu fort, Mubarak Mandi Palace, Surinsar Mansar Wildlife Sanctuary and Rani Charak Mahal.
Jammu is surrounded by huge ranges and mountains such as Shivalik Range, Pir Panjal Range and Trikuta Hills. River Tawi flowing in beautiful city adds charm to the beauty of the religious town. City offer many adventurous sports to the tourists and trekking is an important part of the tourism industry. Tourists horde to Patnitop for skiing as there are great slopes in the surrounding area and it attracts the attention of adventure lovers.
The city is well connected to major cities of India as well as various countries by air route. Jammu Airport also known as Satwari Airport serves only domestic passenger traffic and it is located at a distance of 8 kilometers from the centre of the city. Travelers can commute to the airport by bus, taxis or Auto rickshaws. The airport is very small and at present it operates 11 flights daily and 140 flights weekly.
The direct flights operate to major cities of India like Mumbai, Delhi, Srinagar, Chandigarh, Lucknow and Leh. The airport does not serve any international traffic; international passenger can approach nearest international airport in Amritsar or Delhi. The domestic airlines that operate from the airport are Air India, Go Air, Spice jet, Air Sahara, Kingfisher, Indian airlines and Jetlite.
There are many flights, which operates from the metro cities located in India and serve Jammu airport at regular intervals on a timely basis. Airport Authority of India is planning to extend the airport in order to accommodate international passengers.
There are various flights to Jammu that offer great deals and discounts to every traveler. Traveler should be well acquainted with different means of grabbing opportunity to reserve cheap air tickets. Advance booking is one of the formulas to acquire low price air tickets. Choose to fly on weekdays and avoid flying on weekends, you would definitely see the considerable difference in the air fare range. Plan your trip to Jammu and save large sums of money on air tickets.
Tips to Identify a Bad Holiday Deal
In our too eager to travel’ frame of mind and the eye-sparkling attraction of ridiculously low fares and hotel offers, we jump blindly into travel deals that should have been given a second look. Here are a few reasons explaining why you should take a step back before you make a travel decision based on a too-good-to-be-true vacation package.1. The Attractive Discount!
All too often, we come across huge discounts on airline tickets and think we are getting a good deal. A very common trick here is that the regular’ price will be sufficiently hiked up before the discount is given. So we are being deceived under the guise of a discount, and the best attractive size of the discount lures us into falling prey to this. It is a good idea, when we see such discounts, to check the more reliable websites and double check the regular’ price of air tickets, may be even on the actual airline website.
2. It’s optional!
Another favourite of the holiday scammer is the optional extras’. But are they really extras when you are being charged for services that should be included in the regular fair? A notorious trick is charging extra to book on the airline website, and telling you that you will avoid the extra fee if you personally book over the counter. They know full well that most people will just book on the website to avoid the hassle. The next time whenever you see an optional extra’, extra’ or an option’ in travel deals do your investigating before you book.3. The Hotel Looks Great!
Any hotel or resort can look fantastic online, in a newspaper or T.V. That is because if it didn’t, well, it wouldn’t get any customers. There are enough stories that speak of hotels giving great offers in holiday deals, that aren’t quite as fantastic once you get there. Again, the key is to do your research. When booking hotels as a part of vacation packages, you have to speak to enough people and do enough work online to get a more calculated decision.
Noshir is an avid blogger and he regularly reviews various travel deals on the internet as he is likes explore various travel destinations with customised tour packages.
Fabulous flight deals for “the Statue of Christ the Redeemer: The soul of Rio de Janeiro
One of the world s newest seven wonders “Statue of Christ The Redeemer,” in Rio de Janeiro, Brazil embraces everyone with his unblinking eyes and his all encompassing outstretched arms. The statue represents Jesus standing with outstretched welcoming all the visitors to the marvelous city of Rio de Janeiro. The statue of Christ the Redeemer is indeed one of the world s best known and most visited monument by the travelers who travel through international airlines to Rio de Janeiro.
Located at the top of Corcovado Mountain, the statue offers an absolutely stunning view of the downtown Rio de Janeiro. The statue that stands at a height of 710 meters projects as a vantage point to all its visitors. Travelers visiting the city with business class tickets and other airline tickets for cheap airfares really value the significant scenic beauty of the place. Many airlines such as American Airlines, Tam Airlines and others offer amazing discounts on air tickets for the business flights to Rio de Janeiro.
Made with soapstone and concrete the statue portrays the vibrancy and liveliness of the city. The magnificent statue symbolizes the Christian cross where Jesus tries to guard the world to the right path. Tourist from the world over who visit the city either through business class airlines or through reasonably priced or cheapest airlines do not miss to visit the chapel, which is located at the base of the statue.
The walls of the chapel are decorated with scenes from the Bible and can accommodate around 150 people. The beautiful paintings of Christ and Mother Mary create a holistic scenario to all the visitors who visit the chapel. Many passengers, while sitting in the business class seats are briefed about the history of the statue by several airline flights. Loads of tourists from across the world visit Rio de Janeiro to see and feel the aura created at the place.
The months of March and October are the peak months as the weather is pleasant and heat is tolerable. To cater to the needs of the tourists visiting the city a number of hotels, lodges and guest houses have been constructed. These hotels have good contacts with many airlines that offer business class air travel packages to the tourists. Witnessing the statue will always be the most unforgettable and remarkable experience for all who travel to the city through different air flights.
The 125 feet tall Statue was designed by Brazilian designer Heitor de Silva Costa and carved by French sculptor Paul Landowski. The statue was inaugurated in 1931 by the then President of Brazil, Getulio Vargas and Cardinal Dom Sebastiao Leme. There are many travel companies that offer discounts on flight deals to Rio de Janeiro. Fare Buzz is one such Travel Company that along with discounts on business tickets also offers fabulous air business class travel packages to tourists who visit Rio de Janeiro.
Cheap Ocala hotel deals
The horse capital of the world is not only known for its great cuisine but also for the breath taking and natural beauty. The economy of Ocala is solely based on stud farms and its attraction to tourists. There are a number of hotels and inns which you can choose from depending on your budget.
There are a number of inns and hotels which offer a variety of delicacies and cuisines from across the globe at affordable prices. This city boasts of over 90 hotels which offer world class facilities like Wi-Fi internet surfing, spas, health clubs and swimming pools. These Ocala fl hotels not only offer a varied range of services at affordable rates but are also known for their southern hospitality.
They see to it that the guests are comfortable and all their needs are effectively met, without leaving an opportunity for them to complain or leave the hotel with a hint of disappointment. Hotels in Ocala are available at low rates and you can easily book your stay in a five star at very attractive prices ranging from150-200 USD. This however ensures that the standard and quality of services is not compromised upon. Those who are on a stringent budget have no reason to worry and fret either since off seasons have deals in good hotels too where you can book your stay for as low as 50 USD.
At times you might be lucky enough to find an accommodation that offers you a tariff which is even lower than 50USD. Since Ocala is a city which is full of lakes, springs, farms and miles of captivating natural beauty, one can feel totally connected to nature. It is an ideal place to relax and unwind after a hectic and stressful week at work. The hotels located in the lap of nature make it easier for tourists as they are affordable without compromising on quality and comfort.
The hotels of Ocala hotel deals offer a wide range of activities and facilities which you can enjoy during your stay. It includes activities for kids and old people alike, making it a desirable place for family holidays too. The business guests are also well taken care off with hotels providing conference halls and a wide range of hi-tech facilities which ensures business with pleasure.