Posted on 05/02/2005 9:34:06 AM PDT by 1rudeboy
(Tempe, Arizona) — Economic activity in the manufacturing sector grew in April for the 23rd consecutive month, while the overall economy grew for the 42nd consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued today by Norbert J. Ore, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "In April, the manufacturing sector grew for the 23rd consecutive month based on the ISM data. This represents the longest period of growth in the last 16 years. However, the rate of growth slowed to its lowest level since July 2003. The trend is definitely toward a slower pace of growth, and that should relieve some of the pricing pressure that the sector has experienced during 2004 and year to date in 2005. Declines in Inventories indicate that manufacturers are adjusting to slower growth in new orders."
The 14 industries reporting growth in April — listed in order — are: Wood & Wood Products; Miscellaneous*; Rubber & Plastic Products; Instruments & Photographic Equipment; Furniture; Leather; Glass, Stone & Aggregate; Industrial & Commercial Equipment & Computers; Chemicals; Food; Tobacco; Fabricated Metals; Primary Metals; and Transportation & Equipment. Petroleum is the only industry reporting the same level of activity as last month. The industries reporting decreased activity in April are: Apparel; Paper; Electronic Components & Equipment; Printing & Publishing; and Textiles.
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The PMI indicates that the manufacturing economy grew in April for the 23rd consecutive month. The PMI for April registered 53.3 percent, a decrease of 1.9 percentage points when compared to March's reading of 55.2 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
A PMI in excess of 42.7 percent, over a period of time, generally indicates an expansion of the overall economy. The April PMI indicates that both the overall economy and the manufacturing sector are growing. The past relationship between the PMI and the overall economy indicates that the average PMI for January through April (55.1 percent) corresponds to a 4.5 percent increase in gross domestic product (GDP) on an annual basis. In addition, if the PMI for April (53.3 percent) is annualized, it corresponds to a 3.8 percent increase in GDP annually.
...and the Roomful Express is just 1 mile away too boot.
We'll start with the toy section. It probably has 85-95% made in china and it takes up about 20-25% of the store.
Even the toy industry admits almost all the toys are made in china.
BTW is not Walmart one of the largest retailers of toys in the country and have put a hurt of Toys RUs.???
Probably and about. Those are 2 of your biggest problems.
In recent years, the No. 1 retailer has managed to corner 20% of the market...Snip... As a result, even as parents snap up armies of Bratz dolls and Hokey Pokey Elmos as holiday gifts this year, the $23 billion toy industry is having trouble passing go.
So, if WalMart had 20% of a $23 billion dollars industry, that's $4.6 billion in toy sales. Am I going slowly enough for you to follow? If 2004 sales were $288 billion, toys would be 1.6% of total sales. Still following?
1.6% is a little less than 20%-25%, still following?
You still want to claim that 65%-75% of WalMart sales are of Chinese goods?
Quote: You still want to claim that 65%-75% of WalMart sales are of Chinese goods?
Yep! You saw the B&D room posted by the guy from China on another thread.
Quote: 1.6% is a little less than 20%-25%, still following?
I said the toy section takes up 20-25% of the store.
You realize how silly you sound? WalMart, the best managed retailer in history is going to use 20%-25% of their store for products that make up 1.6% of their sales. Please, take the $1000 bucks you owe me and use it to take some math classes at the community college.
My local WM is not a supercenter nor does it sell food. The toy section is very large and comprises a very large segment of the store. It is the third largest department in the entire store with clothing being number one and the household items #2. It's bigger than hardware and automotive etc.
My WM is an older store and is an a smaller building. A new supercenter is being planned.
I would also venture to say the departments are based upon local demographics at each location to a degree. I've been in some WM with a huge garden center and have seen at some WM th garden center only takes up a small corner.
So you never answered my question. When you were counting your Chinese items, how high did you get before you stopped counting?
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