They were tepid. They give clear indication that Americans are far from ready to go on buying binges,
More Quotes from 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
The rest of the industry can take comfort from Wal-Mart's projections.
Kurt Barnard
People will be jamming the stores, trying things on, ... and developing their Christmas lists. While many (gift) decisions will not be made, the foundation for many decisions will be made.
Kurt Barnard
What J.C. Penney needs to do is to make the stores they do have palatable, pleasant to shop, and all of this needs to be done with an eye toward recapturing the market they've lost,
Kurt Barnard
If demand should continue to plummet, a lot of retailers will find themselves with too much inventory on hand despite their course of caution. A lot of retailers are cutting back on inventories, canceling orders, in virtually every single area of retail.
Kurt Barnard
All I can tell you is that we've had some information that April retail sales were somewhat disappointing for some chains,
Kurt Barnard
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