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...
bills change consumer expensive holiday hurt marginal primarily rather spending
Will the anticipation of more expensive bills hurt holiday sales? I don't think so. I think consumer spending will see more of a marginal change rather than a substantial change, primarily at the lower-income level.
eye july keeping retailers sales season spending summer surprised volatile weaker weakness
July sales were weaker than expected. Summer can be a volatile season for retailers but I am a little surprised by the weakness in apparel. I'll be keeping an eye on discretionary spending going forward.
building consumers factors four gasoline goods grown hurting levels months prices spending wages weaker
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.
expect fast hurt jobs number offer relief retail rise spending time toward wages
I expect this number to rise toward the end of the year. At the same time jobs and wages won't rise fast enough to offer relief to already overstretched consumers. This could hurt retail spending in the second-half.
area consumer consumers credit distress eye far households majority number spending trouble
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,
attract great income looking lower might spending struggling
It's great if you attract lower income shoppers looking for low prices, but what if those shoppers who were really struggling between 2000 and 2003 now have jobs? They might be spending more and looking for different merchandise...maybe something Wal-Mart doesn't have,
barometer concerned consumer hot moderate pace spending start strength
To be concerned about the strength of consumer spending is wise. Wal-Mart as a barometer of consumer spending is significant. Consumer spending will start to moderate off of its hot pace in the second-half of the year.
consumer durable goods higher interest items margin profit rate sales spending ticket
If spending on durable goods slows down, it could also weaken sales of consumer electronics, especially on big ticket items that have a higher profit margin but are interest rate sensitive.
believe consumer continue effects food garden gas held higher lawn measures prices sales spending
I continue to believe that the effects of higher gas prices on the consumer are overestimated. Most of the important measures of discretionary spending such as furniture, lawn and garden and food sales held up nicely.
halloween trends spending
Halloween will be a slam-dunk for merchants despite the weakening consumer spending trends.
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.
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.
credit helped industry seal situation solid strong support turnaround wet
Wet Seal is a turnaround situation that has been helped by strong industry vendor credit support and solid communications with their vendors.
buy event eventually future human recognize store systems tastes
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.