One of the factors contributing to retail margin pressures in January was a shift in advertising to later in the year, in support of Target's evolution to more a department store and gift destination.
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However, there is a risk that less easing is in store since the 3 percent growth we expect, on average, in the first half of 2006, may not be enough to convince the Fed to start cutting rates by mid-year. Thus there is a risk that the yield curve remains inverted for longer than we have built into our forecast.Merrill Lynch
It's not going to be that much of a negative for the consumers. After all, they're paying much lower prices than we've paid for six months... ( It ) might actually make everybody a winner n the sense that it could create a little stability in the market.
Merrill Lynch
Ironically, it does not appear to be from the commodity corner as many believe, but instead from the labor-related costs.
Merrill Lynch
Deflationary pressures in food continue to be severe and are not projected to ease until the second quarter. Better buying and category management efforts are expected to result in some gross margin improvement.
Merrill Lynch
The April IEA report supports our belief that rising inventories, moderating demand growth and Saudi Arabia's commitment to put more oil into the market will put downward pressure on oil prices.
Merrill Lynch
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Based on Topics: Advertising QuotesLet everyone leave all the guns - British guns and Irish guns - outside the door.
Martin McGuinness
Mr. President, How are you going to work with people who seem to have divorced themselves from reality?
Jeff Gannon
Picture you upon my knee, just tea two and two for tea.
Irving Caesar