Consumers are already concerned that the labor market continues to lag behind an economic recovery. They don't really need another negative distraction.
More Quotes from Kurt Barnard:
This loss will be easily made up, ... If I want to buy some jewelry for my wife, do you think I'm going to let one snow storm stop me No, I won't. Consumers will get their shopping done this week and in the days leading up to Christmas.Kurt Barnard
Don't get carried away with this whole thing. It's considerably bigger than in times past, but it is not the kind of thing I would say that will make or break a company's quarter.
Kurt Barnard
There are two conflicting forces at work on the consumer. One is people have jobs, they have money, the unemployment rate is still at a 30-year low of 3.9 percent, a lot of economic circumstances are very, very favorable. A lot of economic circumstances are very, very favorable, people have money and jobs, but they don't have as high a discretionary spending level as they did a year ago.
Kurt Barnard
Amazon's prospects, in my view, are at best limited. They may do some wonderful things, but the market isn't there. It's like a jockey beating a horse with three legs,
Kurt Barnard
Americans are being bombarded with announcements of layoffs. Anytime you listen to the radio it's always 3,000 laid off here, 500 there, ... That means a lot of people who have decent jobs and good income hear that little voice in the back of their head asking the question 'could my number be up next' They're buying what they need, but they don't buy frivolously.
Kurt Barnard
The weather was a factor and the effects of higher gasoline prices are finally catching up with retailers at the registers. Beyond that, I think we're likely to see softness for the next two to three months.
Kurt Barnard
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