The closer you are to them, the greater the impact they'll be. If you can get almost one out of four people to shop at an outlet mall, that's a lot of people. It might not impact East Cooper. It might not impact Summerville. But somebody's going to feel them because that's quite a bit of business.
More Quotes from Britt Beemer:
I've never seen this many consumers not done with their Christmas shopping.Britt Beemer
Sears gets five times more demand for its home appliances than Lowe's and Home Depot,
Britt Beemer
Consumers love January because January has always been this great clearance month. If they don't see (sales), as they've proved this Christmas, they'll outwait the retailer.
Britt Beemer
Overall, the moderate-priced stores such as J.C. Penney, Sears and Wal-Mart had good traffic levels. We think luxury sales were probably flat this past weekend because more people said they decided to go away on vacation before Christmas this year than last year. So this could have impacted spending on other high-end items.
Britt Beemer
These Thanksgiving shopping numbers will be the lowest in a decade,
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
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