Rick Gallagher
Rick Gallagher
deep money operate player pockets takes
They are the only player that has deep pockets to expand. It takes a lot of money to operate new stores, and Lipton at least has it.
answer change consumer continue engine jobs numbers people psychology run secure seen spending though
Can consumer spending continue to run the engine of retailing? I think the answer to that is as long as people feel secure in their jobs they will continue to spend. I don't think that we've seen consumer psychology change even though unemployment numbers are higher.
across attention chances earnings great looking nobody pays positive quarter retail sleepy stocks
Things are looking great for retailers, surprisingly so. Retail stocks are usually sleepy and nobody really pays attention to them. But the chances of a first quarter earnings surprise, on the positive side, are very great right now - across the board.
bit compares decent holiday last looking low percent predicting sales
We're predicting that sales are going to be up about 4 percent this year, and that is a little bit on the low side. That compares to about 5 percent last year. But clearly, we are looking for a decent holiday season.