They're going to have to watch the bottom line and the margins very closely, ... This holiday season, retailers are going to be fighting for customers and fewer discretionary dollars.
More Quotes from Ken Perkins:
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.Ken Perkins
That's a pretty long stretch, and investors are concerned that earnings could take a hit unless sales improve.
Ken Perkins
I wouldn't read this at all as a shift in consumer trends. Discounters are benefiting from a weak economy and they have been taking market share from department stores.
Ken Perkins
The market is in terrible shape and the prospects for growth are not good,
Ken Perkins
This is setting a foundation for earnings to rebound. There might be some positive news in the second quarter.
Ken Perkins
The news has been pretty positive given the headwinds consumers and retailers alike have been facing, ... encouraging.
Ken Perkins
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