Ken Perkins
Ken Perkins
consumer finding last resilient ways year
The American consumer has been particularly resilient over the last year plus, ... They're finding ways to spend.
cold consumer experience good likely oil price prices remains sign spending winter
If the price of oil remains between $45 to $50 a barrel, that's not a good sign especially if we experience a very cold winter. Heating oil prices will go up and that's likely to dampen consumer spending during the winter months.
consumer continues fairly gas job market provided remain run
The consumer has not run out of gas yet, provided the job market continues to remain fairly decent.
arrival boost clearly consumer cooler falling gas gave last late october prices weather weeks
Clearly falling gas prices coupled with the late arrival of cooler weather in the last two weeks of October gave a boost to consumer spending.
appear consumers economic energy future growth high hurting job prices regarding situation
High energy prices coupled with uncertainty regarding future economic growth and the job situation appear to be disproportionately impacting low-end consumers and hurting sales.
apparel august bulk consumers indication month positive provide sales showing signs spending strongest
August is the big month because that's when the bulk of the back-to-school revenues are generated, ... But we got some very positive signs in July, especially with apparel sales showing the strongest monthly gains. Apparel sales are important because they provide the first indication of how consumers are spending their discretionary income.
beating consumer couple environment greatest last psyche taken
It's not the greatest macro environment to be going into. The psyche of the consumer has taken a beating the last couple of months,
consumers felt gas growth higher job pinch prices
Consumers really felt the pinch of higher gas prices and job growth is stagnant.
consumer factors number
There were a number of factors that dampened consumer spending,
aggressive best buy circuit city held holiday looks moving player players primary share taking tried
Best Buy traditionally has been the primary player here and taking share very aggressively from some of the other players in the space, but Circuit City looks to have held their own here this holiday season. The discounters have tried to get into the space. Wal-Mart's been very aggressive in moving in there.
aware best buy faces half investors looking obvious rose sales second tougher
One obvious explanation (for the weakness) is that investors are aware that Best Buy faces much tougher sales comparisons, particularly in the second half of the year. Looking at the numbers, second-quarter sales were up 7.8 percent, third-quarter sales rose 5.8 percent.
anniversary company marks month next positive sales time
Next month is the first time the company marks the anniversary of positive sales comparisons. From here on, the comparisons get increasingly difficult.
above average beating falling percent short term
That's well above the long term average of 54 percent beating and 42 percent falling short of expectations.
bad far january numbers surprise turning
January is turning out to be a real surprise to the positive. So far the same-store numbers that we're getting aren't bad at all.