Scott Krugman
Scott Krugman
depending effects forecast happens mean might next open remains revision seen war
I think it remains to be seen how things go over the next month, ... The forecast is always open to revision depending on a set of circumstances we might not have seen. That could mean the effects from the lockout, or it could mean what happens if we got to war with Iraq.
beginning consumer consumers create domestic economy good great gross holiday means next season since spending year
A good holiday season means great things for the economy since consumer spending makes up two-thirds of the gross domestic product, It could create something of a slowdown in the beginning of next year if consumers are really splurging right now.
affect came costs gas higher holiday impact mostly price prices pump since
While the price of gas didn't have an impact on the holiday season, mostly since prices at the pump came down, this is not to say higher heating costs won't affect post-holiday spending.
active aside change consumer cuts government helped layoffs might near putting rate recent skirt tax tomorrow
We might skirt near a recession, and this could change tomorrow ... but layoffs aside for a second, there are some positives. The government is being very active by putting liquidity back into the economy, and recent tax rebates and cuts in the tax rate have helped consumer confidence.
people policies return trying
The only people who are going to have problems, real problems, with return policies are people who are trying to defraud a retailer.
cards factors gift holiday last late playing role season
There are two factors over last year: Gift cards are playing more of a role in the holiday season and the fact that we have such a late Hanukkah this year.
amount competition desperate fierce focused gets hammered home knowing limited message retailers
Retailers must always be focused on knowing their customers. But in desperate times like these that message gets hammered home because the competition is so fierce for a limited amount of dollars.
apparel avoid cards easier gift lines people selection starts thin trying turning
It is an easier last-minute gift. For people that are trying to avoid the long lines or as the apparel selection starts to thin out, I think you will see more people turning to gift cards today.
early looks standard starting
My standard feel is it's too early to tell. It looks like things are starting to stabilize a little bit. They're not getting worse.
attractive means outlets past prime speaking stigma suffering sure
Outlets need to be innovative. They need to make sure they are attractive and that they are speaking to the demographic. But by no means are they past their prime or suffering a stigma of being low-end shopping.
hearing huge sales saturday
From what we've been hearing Saturday was a huge day for sales and a huge day for traffic,
creates perfect retail
I know from experience. It all kind of creates the retail perfect storm.
amount apparel definitely fall message planned push question retailers strategic timing
The retailers want to make a big push for fall apparel this year. That's definitely a fact. There's a very strategic message here. This is well planned out in advance. The question isn't so much the timing of the markdowns as it is the amount of inventory.
amount apparel definitely fall message planned push question retailers strategic timing
The retailers want to make a big push for fall apparel this year, ... That's definitely a fact. There's a very strategic message here. This is well planned out in advance. The question isn't so much the timing of the markdowns as it is the amount of inventory.