They are all planning very cautiously, very carefully. Some companies have very decent inventory controls, but however good those controls are they still have to do some economic forecasting, and forecasting is a little difficult this time around. Nobody is going to spring for big orders until there's evidence that consumer demand is back, and there is no such evidence to date.
More Quotes from Kurt Barnard:
Based on what we've heard and seen so far, the fashion apparel stores and department stores are going to be hit with lower profits.Kurt Barnard
What we are seeing is that consumers' cautious spending is now stretching to the low-priced discount stores as well as to the other stores. ... Today, saving money is chic. Bargain hunting is fashionable.
Kurt Barnard
There's no question it's been very anemic. Now the big question is, will the bargain hunt continue into the next 16 to 17 days before Christmas, or will consumers just simply go shopping.
Kurt Barnard
I think they're going to make those numbers.
Kurt Barnard
She may be right on the button. But for me to believe she'll be right, she'd have to tell me that she knows what will happen with Iran, jobs, the price of home heating oil and interest rates.
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
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