It's enough to turn a good holiday season into a great one.
More Quotes from Scott Krugman:
It's way too early to actually tell its impact. Such a small fraction of consumers have gotten them. People will use them to supplement back-to-school shopping budgets and home improvement projects people have been putting off.Scott Krugman
It's not a niche holiday by any stretch. It's the first big event after the (winter) holiday season. January is a bit of a lull month for the industry. Not counting back-to-school, Valentine's Day is the second biggest season for spending.
Scott Krugman
However, experts say drops in consumer confidence don't always portend a fall in consumer spending. There is a danger in looking at one indicator and trying to predict consumer behavior, ... You can't ignore that kind of drop.
Scott Krugman
I am not buying into ho-hum theory yet. This week is going to be very telling.
Scott Krugman
This is probably going to be one of the hardest holiday seasons to predict. Last year, you knew what happened, you had an event, Sept. 11. Now, you have a weakened economy, employment issues, and you have consumers not knowing what's going to happen as far as corporate scandals, a double-dip recession and obvious questions about our current war on terrorism.
Scott Krugman
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