August is the big month because that's when the bulk of the back-to-school revenues are generated, ... But we got some very positive signs in July, especially with apparel sales showing the strongest monthly gains. Apparel sales are important because they provide the first indication of how consumers are spending their discretionary income.
More Quotes from Ken Perkins:
Is Wal-Mart also hurting its business I think cheaper products at the discount stores did have a marginal impact on the company's sales.Ken Perkins
We're getting some very good results today despite the very difficult 6.7 percent February same-store sales comparisons from last year.
Ken Perkins
I am very perplexed by these results. I had expected 50 percent of the 64 retailers that we track would have missed their sales forecasts. But two-third of that universe have beat so far.
Ken Perkins
Best Buy traditionally has been the primary player here and taking share very aggressively from some of the other players in the space, but Circuit City looks to have held their own here this holiday season. The discounters have tried to get into the space. Wal-Mart's been very aggressive in moving in there.
Ken Perkins
All groups showed comparable sales up over 5 percent for the month, ... The economy is certainly an element of the upside surprises. We saw back-to-back quarters of GDP growth. People also anticipate a significant amount of fiscal spending particularly in an election year. This bodes well for consumer sentiment.
Ken Perkins
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Based on Topics: Sales QuotesBased on Keywords: back-to-school, discretionary, monthly
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