If you stash money away in a savings account, then there's less available to buy things in a store, from candy to cars, ... This is not quite the conventional retrenchment we've known from past recessions, but it may represent a kind of wishy-washy stagnation.
More Quotes from Kurt Barnard:
Upscale stores have done very well because their customers have been fortunate to amass a bit of wealth, so they're not worried about their jobs. But people who live paycheck to paycheck have to be careful, and they look at the price tag before looking at the product.Kurt Barnard
The first half is going to be a very, very difficult one, and at this moment it's going to be impossible to say how the second half is going to be, ... The second half is likely to be better than the first, but remember, most retailers are coming off a very weak Christmas and that puts tremendous pressure on gross margins.
Kurt Barnard
Early indications show that store traffic and the promotional activity is at lower levels than last year at this time. I wouldn't be surprised if many retailers try to get away with selling merchandise at full price.
Kurt Barnard
It is a coming back down to earth. About two or three months ago, the world was swept up by the notion that the economic recession is over and the good times are rolling again. That meant consumers would be knocking down the doors of retailers the way they did a few years ago. But guess what It ain't happening.
Kurt Barnard
Consumers have been and continue to be on a spending spree and that has benefited most retailers, ... The universe has been very retail friendly.
Kurt Barnard
One word - dismal. There's nothing else to be said but absolutely dismal.
Kurt Barnard
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Based on Topics: Cars QuotesBased on Keywords: recessions, retrenchment, stash, wishy-washy
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