Apparel overall is showing a mixed picture. There's been a lot of pressure on the apparel side, particularly among specialty retailers, to keep prices down but we think that situation will improve as the year goes on.
More Quotes from Dana Telsey:
With Christmas coming on a Sunday, most people feel they can procrastinate a little bit longer because they have until Saturday to finish up their holiday shopping.Dana Telsey
As you can see, Christmas is spread out -- not just among December but among January as well. Promotions certainly helped to drive those sales and you can see what the consumer is looking for. It all depend on price.
Dana Telsey
You're getting quarterly reports and news about August sales this week, and retail stocks have also been beaten down, so you're seeing some strength in the sector. Retailers have managed their second half of the year well, which is positive for back-to-school and Christmas sales, both crucial for the sector.
Dana Telsey
The holiday season was a little bit choppy. We started off strong, it dipped in the middle, and this last week certainly was the biggest week.
Dana Telsey
We've had a wide variety of excuses, whether it be Princess Diana's funeral, the weather, El Nino... Bottom line is August was better than planned and it stole a little bit from the month of September.
Dana Telsey
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