retail news in context, analysis with attitude

The Conference Board is out with its May Consumer Confidence Index, which it said was 63.3 up from a revised 57.7 in April and a significant improvement over the all-time low of 25.3 registered in February 2009.

Lynn Franco, director of The Conference Board Consumer Research Center, said in a statement that though confidence is still weak, it appears "to be gaining some traction,” though continued high unemployment is seen as an extended problem for consumer confidence.
KC's View: