102 ordspråk av Ken Perkins
Ken Perkins
After a stellar September for retailers, it was a given to expect some weakness last month. But this is pretty amazing. I don't think I've seen this much red on the board.
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All groups showed comparable sales up over 5 percent for the month, ... The economy is certainly an element of the upside surprises. We saw back-to-back quarters of GDP growth. People also anticipate a significant amount of fiscal spending particularly in an election year. This bodes well for consumer sentiment.
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appears to be on a mend.
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April comps will reap the benefits of Easter holiday sales. But as usually is the case with March and April, it's best to view the two months on a combined basis. Retailers find themselves against a stiff 7.1 percent gain a year ago,
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April comps will reap the benefits of Easter holiday sales. But as usually is the case with March and April, it's best to view the two months on a combined basis. Retailers find themselves against a stiff 7.1 percent gain a year ago.
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As rates continue to rise, there's less ability for consumers to refinance and take money out of their houses.
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August is the big month because that's when the bulk of the back-to-school revenues are generated, ... But we got some very positive signs in July, especially with apparel sales showing the strongest monthly gains. Apparel sales are important because they provide the first indication of how consumers are spending their discretionary income.
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Best Buy traditionally has been the primary player here and taking share very aggressively from some of the other players in the space, but Circuit City looks to have held their own here this holiday season. The discounters have tried to get into the space. Wal-Mart's been very aggressive in moving in there.
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By and large, retailers kept inventories tight and gift card redemptions also boosted sales.
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Clearly falling gas prices coupled with the late arrival of cooler weather in the last two weeks of October gave a boost to consumer spending.
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Consumers really felt the pinch of higher gas prices and job growth is stagnant.
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December showed a marked improvement from October and December.
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Early going, consumers are hanging in there, despite facing significant pressure on the their discretionary income,
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Earnings are going to have to really go up in order for valuations to look attractive. Tech earnings are going to be strong but it's already more or less priced into the stocks,
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Economic conditions have improved significantly from March last year when commerce was impeded for much of the month by the run up to the Iraq war. People do appear to be shopping more.
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