Britt Beemer
Britt Beemer
christmas good last similar store
J.C. Penney will probably be the most promotional store this year, similar to last year, and they'll probably have a good Christmas because of it.
christmas decided flat good last luxury past people sales spending stores traffic vacation weekend year
Overall, the moderate-priced stores such as J.C. Penney, Sears and Wal-Mart had good traffic levels. We think luxury sales were probably flat this past weekend because more people said they decided to go away on vacation before Christmas this year than last year. So this could have impacted spending on other high-end items.
cook developed good greatest latest niche product sort travel whether
The really good ones have developed some sort of product niche, whether they are the place to go to get the latest and greatest cook or travel books. They've developed a niche that makes them really unique.
almost consumer good holiday news start worries
This summer, the consumer was cautious, with all the uncertainty going on in the country. But almost all of those worries are gone, and that is good news at the start of the holiday season.
discount good hitting home luxury market middle runs stores worried
The luxury stores are the ones hitting the home runs and the discount stores are going to end up doing some pretty good numbers, ... I'm very worried that the middle part of the market is not here.
abandon bought brand consumers higher means number products third
I think at least a third of consumers that previously bought her products will abandon the brand. A number higher than that means the brand is dead.
consumers
I think consumers want to see a choice.
advised aggressive clients consumers extremely less margin money otherwise retail retailers shopping spend super thanksgiving
I see an extremely promotional shopping environment. I've advised my retail clients to be super aggressive Thanksgiving weekend. Retailers don't want to do it from a margin perspective, but otherwise they won't see shoppers in stores. Consumers have less money to spend and they'll take their 'less money' elsewhere.
chains consumers couple last tried trying
Over the last couple years, chains have tried to do something different -- they're trying to give consumers a different look, a different style.
companies definitely fighting lower profits retailers today
Retailers are fighting lower profits than in years past. The industry's is definitely more competitive today and companies have to do what they can to not take unnecessary markdowns.
doomed next quarter year
I would say that the first quarter of next year probably has already been doomed by this episode,
career employees everybody late looking loses retail sector starting stopped temporary until
Starting in the late 1980s, employees and prospective employees in the retail sector stopped looking at retail as a career opportunity. They look at it as a temporary stopover until something better comes along. When this happens, everybody loses -- employees, customers, stores, etc.
removal retail strength
Some of the this may be attributed to the removal of the quotas and some to the strength of retail sales.
charged customer measures retailers soon struggle surprised tougher
I won't be surprised if a day comes very soon when the customer is charged $5 for every return. On the one hand, tougher measures frustrate the consumer. But retailers also don't want to struggle with unnecessary discounts.