They don't have enough promotional inventories in the stores. They'll only be selling full-price and they're already giving out warnings of negative same-store sales declines in February. |
Typically, if rates increase, basically if we get the sense that we're more near the end of the rate increases than the beginning of the rate increases, that would certainly be a positive for our sector. Retail stocks are basically early cycle stocks. And if we get the sense that we are more near the end than at the beginning, the low valuations of these stocks will prove attractive to many investors. |
We've had a wide variety of excuses, whether it be Princess Diana's funeral, the weather, El Nino... Bottom line is August was better than planned and it stole a little bit from the month of September. |
With Christmas coming on a Sunday, most people feel they can procrastinate a little bit longer because they have until Saturday to finish up their holiday shopping. |
You also wonder about the reaction to the spring line. |