Clearly falling gas prices coupled with the late arrival of cooler weather in the last two weeks of October gave a boost to consumer spending.
More Quotes from Ken Perkins:
The impressive part is that it's not just the luxury names posting strong numbers. The big numbers are coming in for the department stores and apparel names as well.Ken Perkins
I don't think it would have too much impact on the rest of the year even if we ended up with a decline. The second quarter is essentially in the book.
Ken Perkins
As rates continue to rise, there's less ability for consumers to refinance and take money out of their houses.
Ken Perkins
The news has been pretty positive given the headwinds consumers and retailers alike have been facing, ... encouraging.
Ken Perkins
There wasn't a lot of color offered in press releases this morning on this great performance, but given the number of retailers that indicated strong gift card sales over the holidays, it looks like there were some pretty strong gift card redemptions taking place in January. Warm weather appears to have helped drive traffic as well and it helped retailers sell spring merchandise at full price.
Ken Perkins
We don't have an opinion or more importantly a vote one way or another. We're not thrilled with it ... but it's essentially up to the analysts.
Ken Perkins
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