We believe that, with current sales trends still weak, the company's holiday selling season could very well be hampered,
More Quotes from Alan Rifkin:
We remain very positive on the home improvement sector and Home Depot's prospects, particularly given current valuation levels. Home Depot shares are currently trading in line with the five-year historic low forward price-to-earnings ratio, based on consensus estimates.Alan Rifkin
This change basically affects the timing of when the rebates are accounted for, ... The way Best Buy will do it now is typically a more conservative approach.
Alan Rifkin
Despite limited console availability, we believe that Xbox 360 boosted comp growth as traffic trends benefited from the excitement generated by the new product. Enhanced TV sales were also strong during December and January, which also aided same-store sales.
Alan Rifkin
AutoZone's retail market for auto parts is already quite mature. So it's really difficult to improve business in that segment,
Alan Rifkin
People are increasingly concerned, given what Wal-Mart said, that higher gas prices are going to hurt the spending power of the consumer.
Alan Rifkin
With gas prices already nearing the post-summer peak from last year, there is real concern that gas prices will be significantly higher than what we saw last year.
Alan Rifkin
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