Ken Perkins
Ken Perkins
disaster either line mean results season sort
If results are in line with expectations, that would mean the season was okay. It wouldn't be a blowout, but it wouldn't be a disaster either -- just sort of ho-hum. So, we'll see what happens.
earnings less order strong tech
Earnings are going to have to really go up in order for valuations to look attractive. Tech earnings are going to be strong but it's already more or less priced into the stocks,
christmas concern deep goes hitting
There's a deep concern that if this thing goes on, a lot of Christmas merchandise hitting the docks can't be transferred.
came carried marketing retailers sales strength
Sales really carried through at the end of the season, particularly for the mall-based stores. Some of the strength probably came from retailers really aggressively marketing and being really promotional.
apparel casual clothes frequently men sales shop
Sales of men's apparel has been lagging for some time. Men usually don't shop as frequently as women. When they do, there's only so much of casual clothes men really need.
bubble business extent given hang hat pickup previous profits rebound recovery spending
Profits are on the rebound but is it sustainable? Given the extent of the previous bubble in tech, the recovery should be slower. There's a whiff of a pickup in business spending but not enough to hang your hat on just yet.
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.
decent definitely head march tough winds
The tough head winds are definitely there but March was still a decent month,
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.
began compared couple department group improving november percent performance positive profits quarters rise rose sales seen since stores tracking year
We haven't seen this kind of positive sales performance since we began tracking the group in November 2000. Fourth-quarter profits for department stores rose 5 percent compared to a 1 percent rise a year ago. We've now has a couple of quarters of improving trends.
consumer finding last resilient ways year
The American consumer has been particularly resilient over the last year plus, ... They're finding ways to spend.
finally gains great month numbers sales seen
We've finally got a great February. The first set of numbers indicates that this was a blowout month with the kind of sales gains that we haven't seen in a while.
below earnings expected further grow growth last plenty retail
Fourth-quarter retail earnings are expected to grow 13.5 percent. That's below last year's growth and could come down further if we see plenty of promotions.
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.