I think it's a bit ho-hum. It's not a bad number, but if you open stores at 5 in the morning and give away free breakfasts and 4.3 is all you can do, in the most aggressive day-after-Thanksgiving campaign ever mounted by anyone, I think it says that the consumer doesn't have the money to spend.
More Quotes from Mark Husson:
There's no breakout here, no 'brave new world' experience here, but at least there's no breakdown. So when you've got something that's teetering on financial insolvency that does better, it's sort of encouraging.Mark Husson
There seems to be no sign of inflation.
Mark Husson
There is a terribly fine line. So, what the retailers are doing is using computers to do the work for them so they can downgrade their staffing quality.
Mark Husson
The weather is not a good excuse for not outperforming. One is always tempted to have their eyes glaze over when retailers talk about the weather but the (impact) is real.
Mark Husson
They said they were investing in their growth, which is something we pay management to do. The fact that the market takes this perverse view is baffling.
Mark Husson
I don't think the DNA of Wal- Mart has changed at all. It's like a religious cult it has a low-cost gospel to bring to the country and sees it as a divine duty to do that, and nothing is going to get in its way. It will do what it has to do and say what it needs to say to get there.
Mark Husson
Readers Who Like This Quotation Also Like:
Based on Topics: Money & Wealth Quotes, Morning QuotesBased on Keywords: breakfasts, ho-hum
When the question arose whether I, as a member of the royal family, should take part in active combat in the Falklands, there was no question in her mind, and it only took her two days to sort the issue.
Prince Andrew
Who tracks the steps of glory to the grave?
Lord Byron
When people ask me why I am running as a woman, I always answer, "What choice do I have?"
Pat Schroeder