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,
More Quotes from Kurt Barnard:
Consumers have turned cautious. They have stopped buying things frivolously. Consumers do spend money today, but they will buy only what they need, will insist on good quality and fashion. But they will buy cautiously, and not buy extravagantly.Kurt Barnard
The name Burlington Coat Factory is a misnomer because they carry a full line of fashion apparel, including coats in the winter. It's basically an off-price operation. You get good value there, very good value.
Kurt Barnard
The anecdotal evidence would indicate that traffic was not excessively busy, ... And what consumers were looking for was the sales sign. They looked at the price tag before they looked at the product.
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
They are streamlining operations, trying to make it more profitable, productive, ... The real question to my mind is how can they be a full line store without cosmetics
Kurt Barnard
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.
Kurt Barnard
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