Fourth-quarter retail earnings are expected to grow 13.5 percent. That's below last year's growth and could come down further if we see plenty of promotions.
More Quotes from Ken Perkins:
If the price of oil remains between 45 to 50 a barrel, that's not a good sign especially if we experience a very cold winter. Heating oil prices will go up and that's likely to dampen consumer spending during the winter months.Ken Perkins
April comps will reap the benefits of Easter holiday sales. But as usually is the case with March and April, it's best to view the two months on a combined basis. Retailers find themselves against a stiff 7.1 percent gain a year ago.
Ken Perkins
We are going to see the effect of higher energy prices trickle up to the middle-income consumers.
Ken Perkins
On the economic front, there haven't been significant improvements in jobs and wage growth, and the comparable sales comparisons are only getting tougher, ... It sounds reasonable to expect big discounts this year. The macro factors would suggest it.
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
The news has been pretty positive given the headwinds consumers and retailers alike have been facing, ... encouraging.
Ken Perkins
Readers Who Like This Quotation Also Like:
So when I looked at pictures and produced my calendar and edited the pictures, it wasn't just about looking at myself and thinking I'm attractive. I try to take myself out of it and get into the whole process of putting it all together.Brooke Burke
But the key thing is that Iraq, while it's got very large oil reserves, has marginalized itself as an oil exporter and these days its exports are only about one tenth that of neighboring Saudi Arabia.
Daniel Yergin
Abel has left mathematicians enough to keep them busy for 500 years.
Charles Hermite