The news has been pretty positive given the headwinds consumers and retailers alike have been facing, ... encouraging.
More Quotes from Ken Perkins:
That number may go up to 3.9 percent growth now.Ken Perkins
That's well above the long term average of 54 percent beating and 42 percent falling short of expectations.
Ken Perkins
As rates continue to rise, there's less ability for consumers to refinance and take money out of their houses.
Ken Perkins
The impressive part is that it's not just the luxury names posting strong numbers. The big numbers are coming in for the department stores and apparel names as well.
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
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
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