Retailers that are not catering that well to the middle- and upper-income customers are going to have a tough time.
More Quotes from Bill Dreher:
They are admitting they have very cloudy visibility on the very critical holiday season. What might be more significant to investors is that even though they had an admittedly superb second quarter, where are we going from hereBill Dreher
The shopper appears to be in mid-season form with the holiday season just having started.
Bill Dreher
I think high-end retail sales will get a boost from this news.
Bill Dreher
Kohl's is having a major disconnect with its customers. The company's inventory growth is outpacing sales and I think their problems will continue into the fourth quarter and even the first quarter next year.
Bill Dreher
There appears to be a pause in consumer spending, especially with the low-to-middle income consumers. The slowing sales also counterbalance positive economic data that show rising income and confidence levels and oil prices coming down. As far as sales go, this is a period where the consumer is taking a break.
Bill Dreher
Investors have been skeptical about the health of the U.S. consumer, and will use this to take profits.
Bill Dreher
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Based on Topics: Time QuotesBased on Keywords: middle-, upper-income
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