Richard Hastings

Richard Hastings
Richard Cory Hastingsis a Canadian association football player, who has played for Inverness Caledonian Thistle, Ross County, Grazer AK, MVV Maastricht, Hamilton Academical and Brora Rangers...
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The risk for Wal-Mart is that as wages improve, consumers will go to alternative retailers such as Home Depot, Gap, Bed, Bath & Beyond or a Best Buy for better quality and more variety of products,
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Weaker spending on seasonal goods has been building up for four months now. The two factors hurting consumers particularly at the low- and middle-income levels are that wages have not grown and gasoline prices could go even higher.
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One area of trouble in consumer spending is households and individuals with weakening credit profiles. So far it's not yet a majority of households but the number of consumers in credit distress is on the increase. That's something to keep an eye on,
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What's holding up the consumer is habit. Until things change in a very material manner, American consumers won't alter their shopping habits significantly. The jobs market is strong and there's been a little bit of improvement in wage growth. I still don't believe that gas prices are high enough to derail consumers. If there is one thing that could shake consumers it's the housing market and not gas inflation.
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Consumers have a way of pulling it together for the holidays. We could see weakness in apparel and footwear sales but electronics, entertainment products and gift cards could do very well in the fourth quarter.
consumers pulling together
Consumers have a way of pulling it together for the holidays.
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Consumers are benefiting from a combination of tax stimulus, new products, good apparel fashions and compelling prices.
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The pundits that said department stores are dying are wrong. This is a different channel. What you get there, in terms of brands and variety, you can't get elsewhere. There's no substitutability.
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The pundits that said department stores are dying are wrong, ... This is a different channel. What you get there, in terms of brands and variety, you can't get elsewhere. There's no substitutability.
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Wet Seal is a turnaround situation that has been helped by strong industry vendor credit support and solid communications with their vendors.
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The store of the future will be more of a 'do-it-itself' event with not much human interaction. These new systems will eventually be able to recognize your tastes and preferences and what you like to buy better than you yourself know.
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Electronics is certainly carving a big chunk of money out of the pockets of shoppers. Back-to-school is increasingly about how cool is your phone, or how new and cool is your notebook -- that $1,350 notebook -- and students are judging each other by their gizmos at least as much as by their clothing.
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Prices are much firmer in the high-end product arena than in the moderate price discount arena.
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People are still crazy. Sure, gas is expensive, but look on the bright side. People are still crazy and they're going shopping.