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.
More Quotes from 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
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
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
Instead of hearing about gas woes, we actually saw a handful of companies raise their earnings estimates. That was a nice surprise.
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
Wal-Mart dropped a bomb on the market with earnings guidance at the low end of its 82-86 cents range, as they clearly saw some margin pressure and most likely increased advertising and promotional expenses.
Ken Perkins
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