Electronics is certainly carving a big chunk of money out of the pockets of shoppers, ... Back-to-school is increasingly about how cool is your phone, or how new and cool is your notebook -- that 1,350 notebook -- and students are judging each other by their gizmos at least as much as by their clothing.
More Quotes from Richard Hastings:
Retailers know that many people will wait until after Christmas for the big purchases. So they don't want to go too far into the holidays with excess inventory that they eventually will heavily discount.Richard Hastings
We had a strong back-to-school season and discretionary spending on low-priced items has trended higher. These are good indications for Halloween, which typically sets the tone for the rest of the holiday shopping season.
Richard Hastings
All that a week ago was neatly put out there. Today Mother Nature took all of it.
Richard Hastings
It's just a number. Vendors are worried about getting purchase orders, and getting paid. That's a real concern. But investors are worried about getting on the momentum express before it leaves the station.
Richard Hastings
Mass merchandising and discount retailing is moving in a big way toward private labels and exclusive designer brands, ... That Wal-Mart is rumored to be contemplating something like this is logical, given the trend in the industry.
Richard Hastings
There are five business days until the comparable-store sales figures come out. Stores will be assessing things, and we could see some warnings, if they haven't done well.
Richard Hastings
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