Ken Perkins
Ken Perkins
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.
consumer finding last resilient ways year
The American consumer has been particularly resilient over the last year plus, ... They're finding ways to spend.
beating consumer couple environment greatest last psyche taken
It's not the greatest macro environment to be going into. The psyche of the consumer has taken a beating the last couple of months,
consumer continues fairly gas job market provided remain run
The consumer has not run out of gas yet, provided the job market continues to remain fairly decent.
appear consumers economic energy future growth high hurting job prices regarding situation
High energy prices coupled with uncertainty regarding future economic growth and the job situation appear to be disproportionately impacting low-end consumers and hurting sales.
consumer factors number
There were a number of factors that dampened consumer spending,
cold consumer experience good likely oil price prices remains sign spending winter
If the price of oil remains between $45 to $50 a barrel, that's not a good sign especially if we experience a very cold winter. Heating oil prices will go up and that's likely to dampen consumer spending during the winter months.
consumers felt gas growth higher job pinch prices
Consumers really felt the pinch of higher gas prices and job growth is stagnant.
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.
analyst nightmare numbers october
These numbers are not good. As one analyst put it, October will be the nightmare before Christmas.
disaster either line mean results season sort
If results are in line with expectations, that would mean the season was okay. It wouldn't be a blowout, but it wouldn't be a disaster either -- just sort of ho-hum. So, we'll see what happens.
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.
argue
You could still argue that they are still too bullish,
among blamed expected gas good last missed nice numbers prices retailers seeing surprises trend upside
The numbers look pretty good so far. We are seeing more surprises to the upside and this is a nice reversal of the trend that we had expected last month. Even among those retailers who missed our forecast, not many of them blamed gas prices for it.