Britt Beemer
Britt Beemer
consumers cuts funds given grand hurricane last luxury money number retail send slam street talked wall year
There are a number of consumers I've talked to who have given money to hurricane funds in lieu of gifts. Last year luxury retail was the grand slam .... If this shopper cuts back, it will send Wall Street into a spin.
certain happens known product retailers return
What's happens is retailers become known for certain things. You want to be known for some product category. You want to be known for a return policy.
apparel consumers early gasoline hot looking recovering retail sales season start toy
Retail sales were pretty good, considering at the start of the season we were looking at $3 gasoline and were still recovering from the hurricanes. Consumers got out early and responded to early-bird specials, but there wasn't much new. There was no hot toy or hot apparel look.
answer christmas clear deeper heavy help hold hurt january main percent prices retailers sales street wall
I think retailers will hold prices up to 40 percent off before Christmas and then go even deeper in January to clear inventory. No doubt, heavy discounts help sales but they hurt profits. And retailers, more than ever, know that they have to answer to Wall Street and not Main Street.
giving january plan retailers sales stayed strong
Retailers had a sales plan for Christmas, stayed with it and then benefited from a very strong January without giving up margins.
companies definitely fighting lower profits retailers today
Retailers are fighting lower profits than in years past. The industry's is definitely more competitive today and companies have to do what they can to not take unnecessary markdowns.
caught change consumers deal extremely retailers short
Retailers are caught in a 'Catch-22' situation. Their costs, such as transportation costs, are going up and this is not going to change in the short term. Meanwhile, their consumers are going to be extremely deal focused.
career employees everybody late looking loses retail sector starting stopped temporary until
Starting in the late 1980s, employees and prospective employees in the retail sector stopped looking at retail as a career opportunity. They look at it as a temporary stopover until something better comes along. When this happens, everybody loses -- employees, customers, stores, etc.
removal retail strength
Some of the this may be attributed to the removal of the quotas and some to the strength of retail sales.
charged customer measures retailers soon struggle surprised tougher
I won't be surprised if a day comes very soon when the customer is charged $5 for every return. On the one hand, tougher measures frustrate the consumer. But retailers also don't want to struggle with unnecessary discounts.
advised aggressive clients consumers extremely less margin money otherwise retail retailers shopping spend super thanksgiving
I see an extremely promotional shopping environment. I've advised my retail clients to be super aggressive Thanksgiving weekend. Retailers don't want to do it from a margin perspective, but otherwise they won't see shoppers in stores. Consumers have less money to spend and they'll take their 'less money' elsewhere.
costs item percent rack retailers sell shelf
It costs some retailers as much as 20 percent per item to retag it, get it back on the shelf or rack and try to sell it again.
costs item percent rack retailers sell shelf
It costs some retailers as much as 20 percent per item to re-tag it, get it back on the shelf or rack and try to sell it again.
bought compared cut expensive four holiday item low mark price purchases retailers returned returns store
Today, only about one-third of holiday purchases are returned as compared to just four years ago, ... Returns are very expensive for retailers because they have to retag the item and mark down the price. If I bought something for $29 and return it, store may have to cut the price to as low as $14 before restocking it.