Ken Perkins
Ken Perkins
anniversary company marks month next positive sales time
Next month is the first time the company marks the anniversary of positive sales comparisons. From here on, the comparisons get increasingly difficult.
aware best buy faces half investors looking obvious rose sales second tougher
One obvious explanation (for the weakness) is that investors are aware that Best Buy faces much tougher sales comparisons, particularly in the second half of the year. Looking at the numbers, second-quarter sales were up 7.8 percent, third-quarter sales rose 5.8 percent.
christmas concern deep goes hitting
There's a deep concern that if this thing goes on, a lot of Christmas merchandise hitting the docks can't be transferred.
decent definitely head march tough winds
The tough head winds are definitely there but March was still a decent month,
came carried marketing retailers sales strength
Sales really carried through at the end of the season, particularly for the mall-based stores. Some of the strength probably came from retailers really aggressively marketing and being really promotional.
apparel casual clothes frequently men sales shop
Sales of men's apparel has been lagging for some time. Men usually don't shop as frequently as women. When they do, there's only so much of casual clothes men really need.
bubble business extent given hang hat pickup previous profits rebound recovery spending
Profits are on the rebound but is it sustainable? Given the extent of the previous bubble in tech, the recovery should be slower. There's a whiff of a pickup in business spending but not enough to hang your hat on just yet.
earnings less order strong tech
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,
expect given last red seen september stellar weakness
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.
consumer factors number
There were a number of factors that dampened consumer spending,
apparel august bulk consumers indication month positive provide sales showing signs spending strongest
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.
companies earnings gas handful hearing instead nice raise saw
Instead of hearing about gas woes, we actually saw a handful of companies raise their earnings estimates. That was a nice surprise.
baked cake expected good news numbers quarter rally results second
If numbers are better than expected and the news is good for second quarter outlooks, then we could rally on that. But I think the results are pretty much baked into the cake here.
arrival boost clearly consumer cooler falling gas gave last late october prices weather weeks
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.