There's a deep concern that if this thing goes on, a lot of Christmas merchandise hitting the docks can't be transferred.
More Quotes from 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
These numbers are not good. As one analyst put it, October will be the nightmare before Christmas.
Ken Perkins
That's well above the long term average of 54 percent beating and 42 percent falling short of expectations.
Ken Perkins
This is setting a foundation for earnings to rebound. There might be some positive news in the second quarter.
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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