Signs of an Economic Recovery

In today's grim economic climate, Clearr Corporation customer Bed Bath & Beyond offers a glimmer of hope after reporting a 13.5% profit in the first quarter. Same-store sales (sales for individual stores in a retail chain that have been open for more than one year) were down 1.6%, but it was less of a decline than had been anticipated. Since Bed Bath & Beyond products are not necessities, these numbers could indicate that consumers are releasing the tight grip on their wallets, which could help kick-start the economy. Time magazine refers to it as the "Bed Bath & Beyond Barometer," in which an increase in home improvement could be an early indicator of an econonic recovery.

Posted by Ryan Lester, Clearr Corporation