What is impacting the consumer is the cooler weather in several key regions, the increasing energy costs which take cash flow from the mall to the tank and a lack of exciting new fashion, ... We would also point out that a flattish market performance and news of layoffs are probably in the back of consumers' minds and causing a tightening of purse strings.
More Quotes from Mark Friedman:
Entering the holiday season we sighted a lack of must-have items as a key concern versus past years. No item emerged, or even color.Mark Friedman
My practice is limited to jaw disorders, ... so as a result I poked around a lot and I found tenderness occurred often, and when I looked at the history, these were always headache patients.
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increasingly uncertain outlook about revenue growth in the critical holiday season.
Mark Friedman
They're trying to add more of a faster fashion turn so the store has more freshness to it, ... Certainly the size of the brand is definitely more mature than its competitors out there, but the Gap management team works hard to try and find ways to reinvigorate the brand.
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As the holiday season continues, we believe increased promotions will give rise to concerns about holiday sales. Specialty retail stocks historically have underperformed in December. We maintain our defensive stance on the group and look for shares to struggle in December as holiday concerns take center stage.
Mark Friedman
Overall themes are not very new and give the customer little reason to shop this early in the season. Warmer weather in certain regions is helping but generally this is not a good sign for spring.
Mark Friedman
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