It was a complete egg that was laid there. By all accounts, they got killed in apparel.
More Quotes from Ken Perkins:
There's a feeling that consumer spending could certainly get a boost as the first Fed rate cuts will have been in place for 8-9 months. And people will start receiving their checks from the tax rebate. Things are looking up for the retailers. I think the comparisons are looking better too.Ken Perkins
These numbers are not good. As one analyst put it, October will be the nightmare before Christmas.
Ken Perkins
Instead of hearing about gas woes, we actually saw a handful of companies raise their earnings estimates. That was a nice surprise.
Ken Perkins
Next month is the first time the company marks the anniversary of positive sales comparisons. From here on, the comparisons get increasingly difficult.
Ken Perkins
Retailers are facing slightly more difficult year-over-year sales comparisons in February and the weather is unlikely to be as cooperative over the next two months as it was in January.
Ken Perkins
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.
Ken Perkins
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