I think that Jupiter's conclusions are, absent documented evidence of this development, somewhat optimistic, ... They (consumers) do their research on the computer, then they buy in the store, but they're not going to buy more than they had planned to buy. They might buy different things from what they had planned to buy, but there are only so many dollars to go around.
More Quotes from Kurt Barnard:
Today's (consumer confidence) numbers do very little other than to simply confirm what we had predicted some time ago, that a consumer spending slowdown is basically inevitable so long as the employment climate remains as stagnant as it is,Kurt Barnard
Everything will depend on whether they can get an extension of their credit and possibly additional credit to tide them over. If they don't get the credit, Chapter 11 (bankruptcy) is probably the only way out.
Kurt Barnard
It is time that Manhattan got itself its first really splendid discount store, so the sale opens the door to the arrival of Target, or maybe even Wal-Mart.
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
So far, this has turned out to be the year's great bargain hunt,
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
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