There are other indicators that matter more, I think.
Home Depot reported earnings but when you spend at Home Depot it's generally because you're doing something to your... home... which is captured in housing. Mortgages are shitty now. So are housing starts. Neither are epically shitty but they're not ZOMG great the way CNBC wants you to believe they are.
That your article links to LVMH as if it has something to do with the economy is funny. Cheapest fucking thing they own is Sephora. Second cheapest thing is like Givenchy.