We've had a wide variety of excuses, whether it be Princess Diana's funeral, the weather, El Nino.. Bottom line is August was better than planned and it stole a little bit from the month of September.
Dana Telsey
It's certainly a boon to the luxury business. That exclusivity has made more people willing to pay full price for merchandise the moment they think they can get it, which has helped the bottom line.
luxury people business moment price made
It's certainly a boon to the luxury business.
luxury business
Basically the economy is sluggish. We are seeing consumers resisting spending and the outlook for the second half of the year is not as bright as it had been. Even Wal-Mart said its second half will not be as strong.
bright strong economy outlook
Hard electronic retailers, like Best Buy, are seeing more of the tax refund dollars than specialty retailers.
hard tax
There's concern that earnings estimates will have to be reduced.
estimates concern
excuses weather variety princess funeral
Sometimes when retailers get big same-store sales increases, you have to look behind the numbers.
numbers sales big
They don't have enough promotional inventories in the stores. They'll only be selling full-price and they're already giving out warnings of negative same-store sales declines in February.
negative giving warnings sales selling
That's disappointing. I think they [Penney] are having some category shifts going on with some of their merchants. They have been promoting but obviously their merchandise isn't appealing to the consumer these days.
days
As you can see, Christmas is spread out -- not just among December but among January as well. Promotions certainly helped to drive those sales and you can see what the consumer is looking for. It all depend on price.
christmas drive price sales january
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