Will the anticipation of more expensive bills hurt holiday sales I don't think so. I think consumer spending will see more of a marginal change rather than a substantial change, primarily at the lower-income level.
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The assortments weren't there when cold weather snapped back, and shoppers were curious about something other than a bikini to match their mittens.Richard Hastings
All that a week ago was neatly put out there. Today Mother Nature took all of it.
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We believe Lewis is the better person to lead a customer-centric business,
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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.
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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.
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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.
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