Consumers believe that the bigger, better deals happen closer to Christmas, and they're willing to wait. Last year, lots of consumers were disappointed because they didn't see the early discounts. Shoppers are playing a game of cat and mouse, and they're waiting to see if the retailers will outlast them.
More Quotes from Britt Beemer:
China has given American consumers the best values they have seen in their lifetime.Britt Beemer
The toy category continues to struggle. Our survey shows that this year 33.5 percent of weekend shoppers said they bought toys compared with 37.5 percent last year. The big surprise was electronics, which came in flat with last year at 19.7 percent. One reason for this could be that people simply couldn't find what they were looking for.
Britt Beemer
Retailers had a sales plan for Christmas, stayed with it and then benefited from a very strong January without giving up margins.
Britt Beemer
I think at least a third of consumers that previously bought her products will abandon the brand. A number higher than that means the brand is dead.
Britt Beemer
The trouble today with retailers is they can't afford to have too many underperforming stores. When 10 percent of your stores are unprofitable, you will start losing money. That wasn't the case years ago.
Britt Beemer
I see an extremely promotional shopping environment. I've advised my retail clients to be super aggressive Thanksgiving weekend. Retailers don't want to do it from a margin perspective, but otherwise they won't see shoppers in stores. Consumers have less money to spend and they'll take their 'less money' elsewhere.
Britt Beemer
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Getting hit motivates me. It makes me punish the guy more. A fighter takes a punch, hits back with three punches.
Roberto Duran
If the machine of government is of such a nature that it requires you to be the agent of injustice to another, then, I say, break the law.
Henry David Thoreau
As the births of living creatures are at first ill-shapen, so are all innovations, which are the births of time.
Francis Bacon