Despite media reports about a potentially gloomy holiday season, consumers have proven to be fairly resilient thus far and we have learned not to underestimate their willingness and ability to spend. |
Historically, spending for back-to-school is a closely watched indicator of consumers' willingness and ability to spend, and has been a good indicator of what consumers will look to spend during the holiday season. |
Overall...we see some winners in the electronics, apparel and footwear categories as retailers kick off fall 2005. |