“A combination of many factors, including energy prices, the job market, disposable income and consumer confidence, will ultimately affect retailers' sales this holiday season.”
“Since the terrorist attacks are so fresh and our country's response is not yet known, it is premature to make definitive judgments about the economy. We can only speculate based upon what we think the administration will do and how consumers will respond.”
“Recession remains a possibility. However, we feel that the strong underpinnings of the U.S. economy and the resilience of the U.S. consumer will force the stalling growth over the next few months to give way to a rebound beginning next year.”
“The long-awaited bounce in economic activity has finally arrived. While we had forecast a pickup in the second half of the year, this kind of strength was not anticipated.”
“As employment expands and wages and salaries firm, a broader spectrum of consumers will be in better financial shape, which should help lift sales more evenly across the board.”
“Consumers shook off concerns about higher energy costs and responded well to the seasonal promotions. If November is any indication of what consumers are capable of, retailers can expect a very happy holiday season.”
