That's a pretty long stretch, and investors are concerned that earnings could take a hit unless sales improve.
More Quotes from Ken Perkins:
January was a one of the warmest months in over a 100 years. So that not only drove sales of spring clothing and other seasonal merchandise earlier than usual but it also probably stole some sales from February.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
Instead of hearing about gas woes, we actually saw a handful of companies raise their earnings estimates. That was a nice surprise.
Ken Perkins
Best Buy traditionally has been the primary player here and taking share very aggressively from some of the other players in the space, but Circuit City looks to have held their own here this holiday season. The discounters have tried to get into the space. Wal-Mart's been very aggressive in moving in there.
Ken Perkins
It was a complete egg that was laid there. By all accounts, they got killed in apparel.
Ken Perkins
These numbers are not good. As one analyst put it, October will be the nightmare before Christmas.
Ken Perkins
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