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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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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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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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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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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The additional cash on the balance sheet from the asset sales will put Kmart in a position to further reduce debt and possibly buyback more shares in a move that could boost share prices further, ... At the same time, the big cash position will enable management to look at an attractive range of choices, including the possibility at some point in the future of a major acquisition.
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The consumer is jittery. Rising debt levels, inflation and higher gasoline prices are all real threats and a drag on spending.
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I'm expecting the holidays to be a stimulating environment for (sales) growth, ... But the deeper discounts could also mean that profit margins will be off for some retailers.
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Their third-quarter profit was supported by a really solid quarter at Sam's Club. This shows again why Sam's matters so much to Wal-Mart's consolidated profitability, ... Smoother performance at Sam's has been a big plus recently, and it has to hold up in order to offset the rising influence of supermarket margins from the other division.
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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.
brands department dying pundits stores terms
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.