Kurt Barnard
Kurt Barnard
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There's a general sense of weakness and caution and I'll tell you, the headlines in the newspapers these days do not help. We're seeing more layoffs and consumers are beginning to feel there's a cold winter breeze suddenly blowing their way.
beginning blowing breeze caution cold consumers days general headlines layoffs newspapers seeing suddenly weakness winter
There's a general sense of weakness and caution and I'll tell you the headlines in the newspapers these days do not help, ... We're seeing more layoffs and consumers are beginning to feel there's a cold winter breeze suddenly blowing their way.
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Americans, for one reason or another, have not given up on their infatuation with SUVs that guzzle gas by the gallons. But there's only so much money to go around. If people are paying more to drive their cars, they will have less money to spend on other things.
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If demand should continue to plummet, a lot of retailers will find themselves with too much inventory on hand despite their course of caution. A lot of retailers are cutting back on inventories, canceling orders, in virtually every single area of retail.
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I expected the spending forecast to be more buoyant. But it could be the case that NRF is curbing their enthusiasm a little now,
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Sears is on the way back to health. They're doing a good job (of cost cutting) and they are offering customers a good, recognizable value and customers are responding.
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His capture is extremely meaningful for Iraq and the Arab world, but as far as the U.S. consumer is concerned, it doesn't mean much.
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It seems to be that a lot of these large chains are gravitating toward the advantages inherent in joint buying and obtaining lower prices and saving a lot of money in the process, ... ...It is very likely to be a powerful weapon in the retailer's arsenal to reduce the cost of buying and operating. And given the world of the Internet, which makes possible these alliances, it has to be recognized that consumers will find it so much easier these days to compare prices because all they have to do is click away.
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Consumer spending is going to be more restrained than it had been early last year. They will be buying things they need. They will not buy on impulse and will not buy frivolously. They will buy what they need and look for bargains.
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All apparel-based retailers got creamed. They lost much of their market share to discounters.
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There's no question it's been very anemic. Now the big question is, will the bargain hunt continue into the next 16 to 17 days before Christmas, or will consumers just simply go shopping?
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The rest of the industry can take comfort from Wal-Mart's projections,
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Everything really seems to be working for the consumers.
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I think Conaway is a good retailing executive, but he made too many mistakes at the very beginning of his tenure at Kmart. It is quite possible that his background and length of experience did not sufficiently qualify him for the immense job he was taking on.