Next month is the first time the company marks the anniversary of positive sales comparisons. From here on, the comparisons get increasingly difficult.
More Quotes from Ken Perkins:
The first two quarters of last year were OK but not stellar. If we still have double digit increases in earnings during the third quarter, that would be good news.Ken Perkins
For the past two to three years, this sector is struggling very hard in terms of trying to excite the consumer, with the exception of the high-end players like Nordstrom or Neiman Marcus.
Ken Perkins
The market is in terrible shape and the prospects for growth are not good,
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
There were a number of factors that dampened consumer spending,
Ken Perkins
Is this just a blip on the radar I think it could be. The economy seems to be snapping back. The third-quarter GDP number was a blowout number. I don't think it will be that great in the fourth quarter, but consumer spending will hold through the holidays. Also, retailers will be benefiting from easier comparisons in November and December.
Ken Perkins
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