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.
More Quotes from Richard Hastings:
On shopping networks, people model the products, demonstrate how it works and actually make it fun for viewers to associate with what's being shown.Richard Hastings
The assortments weren't there when cold weather snapped back, and shoppers were curious about something other than a bikini to match their mittens.
Richard Hastings
Gift cards are like proprietary currency issued by a retailer. The intention is to get a potentially new consumer to come in and trade in that currency and try new merchandise. We're seeing retailers across the spectrum doing as much as possible to promote them.
Richard Hastings
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,
Richard Hastings
We believe Lewis is the better person to lead a customer-centric business,
Richard Hastings
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.
Richard Hastings
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