To be concerned about the strength of consumer spending is wise. Wal-Mart as a barometer of consumer spending is significant. Consumer spending will start to moderate off of its hot pace in the second-half of the year.
More Quotes from Richard Hastings:
I expect this number to rise toward the end of the year. At the same time jobs and wages won't rise fast enough to offer relief to already overstretched consumers. This could hurt retail spending in the second-half.Richard Hastings
Our recent visits to some stores indicate better controls over displays, clutter, and shelf appearance, necessary steps to stabilize store aesthetics in support of their apparel initiatives.
Richard Hastings
January is not just clearance month anymore. It's winter-season full-price selling, because Christmas and holiday merchandising is really promotional. These days, that's when you see the really deep discounts.
Richard Hastings
Management is concerned about return on invested capital and return on shareholder equity and that's the focus. Everything else takes a backseat to that.
Richard Hastings
With Christmas Eve falling on a Friday, sales have the potential of being very intense.
Richard Hastings
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