Retailing and consumer spending are a function of a four-letter word -- jobs. And there are no jobs being formed in the United States at the present time. We are in an unfortunate labor climate, one that might be called not at all propitious for retail spending.
More Quotes from Kurt Barnard:
Some companies are rushing to take advantage of the situation and consumers may want to buy these war products as souvenirs. But as more time passes, the novelty factor of such products is also likely to diminish.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
It's going to continue on this level for some time. Maybe if the weather really improves, we'll find a little pop to retail sales, but even if it does improve, there will still be the contraction in the economy.
Kurt Barnard
If this is a hot summer, we are going to see an overwhelming number of air conditioners sold. And even if it's not a hot summer, air conditioners will be a hot seller.
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
Despite the fact that it's a clearance month, we can still see strong trends. People stayed away from department stores and they broke down the doors at discount stores.
Kurt Barnard
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