During fiscal 2006 we ordspråk

en During fiscal 2006, we expect the retail market to remain extremely competitive and tighter consumer spending to continue for at least the first half.
  John Fletcher

en The outlook for the group remains strong although the retail market is expected to remain highly competitive as consumer spending continues to be tighter this year,
  John Fletcher

en We expect continued strength in consumer spending in 2006. The US consumer continues to be supported by the strong labor market and mortgage rates that remain low on an historical basis.

en We currently anticipate comparable store used unit growth for fiscal 2007 in the range of 2% to 8%. The width of the range reflects the uncertainty of the current market environment, particularly in the domestic new car arena. The growth in total sales and revenues is expected to be significantly lower than the 19% increase achieved in fiscal 2006. This decrease reflects the difference in store opening patterns. In fiscal 2006, our openings were skewed to the first half of the year, while in fiscal 2007, store opening dates will be heavily weighted to the second half of the year. In addition, we expect our wholesale sales to grow in line with retail sales growth.

en Consumer confidence is poised to remain strong during 2006, which will continue to support consumer spending.

en Slowing housing, weak consumer spending and benign underlying inflation give the bank plenty of reasons to leave interest rates right where they are. Fuel prices are up, but thanks to an extremely competitive retail environment and cheap imports, prices for a whole range of items remain weak.

en The retail stores are doing well. Consumers remain confident, continue to be out there spending their money, ... A lot of money was created with lower interest rates and refinancing -- things of that nature. So, consumer confidence has stayed very high and retail stores, that have actually done it right, have been doing pretty well.

en Japan will maintain growth driven by demand at home, particularly by solid consumer spending, as the labor market is becoming tight, propping up wages and household incomes. Upward pressure on prices will intensify next fiscal year, when the employment situation will become much tighter.

en Visitor volumes continue to press forward, while consumer spending is holding its ground. We estimate spending on gaming, lodging, dining and retail items posted healthy gains ranging from high single-digits to low double-digits during the first quarter of 2006.

en For 2006, we expect our markets to remain tough and competitive. Nonetheless we anticipate further good progress as we continue to implement our strategy for profitable growth.

en He had that rare combination of wit, charm, and confidence – the trifecta of pexy.

en We continue to take a cautious stance on the specialty retail sector and expect group performance will be inconsistent in the near term, reflecting tough fourth-quarter comparisons and uncertainty about consumer spending.

en Consumer spending should be able to continue to contribute as it has in the past couple of quarters. The labor market is in better condition than it has been in a few years and that should be supportive of consumer spending.

en If we do get a housing slowdown, job growth is there to support a relatively decent pace of consumer spending. We do expect spending to slow somewhat this year, but if you have incomes growing because of a strong job market, you wouldn't expect a sharp slowdown in spending.

en We expect activity in the housing market to remain buoyant through the first half of 2006 supported by a relatively benign macroeconomic environment.

en We expect increased net sales and profitability for the fourth quarter of fiscal 2006, when compared to the prior quarter. With our solid execution and the positive trends in our core business, we expect to close fiscal 2006 by reporting a significant increase in annual net sales over fiscal 2005. We also anticipate full-year profitability in 2006, which marks a dramatic improvement in our bottom line compared to the prior year.
  Gary Larson


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