California Business Minute™

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Hi, I am Tim Johnson and welcome to the California Business Minute.

The national retail and food sales figures for February were released by the U.S.
Department of Commerce.  The numbers showed a 0.6 percent decrease over the
month but an increase from February 2007. 

The total retail sales for February were $380.2 billion.

While sales of apparel, sporting goods and general merchandise all rose, weakness
spread across most categories last month, especially big-ticket durable goods.

Furniture sales declined for a seventh straight month to 0.5%, while sales of building
materials fell 0.7%. Electronics sales dropped 0.4%, following for three months in a row.
Motor vehicle sales fell sharply by 1.9%. Automakers' January-February U.S. sales were
the worst two-month selling rate in a decade.

On the flip side, gasoline station sales were up 20.2 percent from February 2007 and sales
of sporting goods, hobby, book, and music stores were up 6.3 percent from last year.

I am Tim Johnson and this has been the California Business Minute.

It's amazing, fantastic and incredible. . .
what was the question?

                                                             Bob Slobe
                                                             Businessman
                                                             Philanthropist
                                                             All Around Great Guy