Ken Perkins
Ken Perkins
despite difficult february good last percent results sales today
We're getting some very good results today despite the very difficult 6.7 percent February same-store sales comparisons from last year.
both difficult facing form gain hurdle last limited percent retailers seen september year
We've already seen some big disappointments in both Limited and Ann Taylor. Up front, retailers are also facing their most difficult hurdle of the year in the form of a 6.1 percent gain racked up in September last year.
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.
effect energy higher prices
We are going to see the effect of higher energy prices trickle up to the middle-income consumers.