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Sprint Corporation Message Board

  • mbcrwfrd mbcrwfrd Aug 27, 1998 9:04 PM Flag

    Where'sThe Connection?

    Anyone got a clue why the retail sector reacted so drastically to the news out of Russia. Everyone got hit across the boardt but especially retail. Any ideas?

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    • in fact most any of the new expanding retailers did!

      You just lost nearly five years growth yesterday!

    • didn't mean to imply cheaply made just commenting
      on my out of pocket cost to send kid to school!
      Sears august sales flat to last yr mainly due to labor
      day sales in l/y-they will be in Sept sales figures
      this yr.
      CNBC mentioned sneakerless sales as I
      mentioned in yesterdays post.

    • but I don't get your comment about "not
      cheap".
      Do you mean that they are not cheaply
      made?
      Because, in comparison to most everything else Old
      Navy
      items are 1/3 to 1/2 the price of items from
      similar
      look at retailers such as J. Crew.

      The Gap
      (GPS) stock has not particularly reflected
      the
      success of the Old Navy division.

    • most schools in the south have been in session
      for some weeks now. Also my daughter and many of her
      friends are wearing "old navy" clothes not cheap and not
      from Sears or walmart or kmart or target etc etc etc.
      Shoes are in style as opposed to "nike" in high school
      not a good sign for sneaker makers. the kids would
      rather spend 100 bucks on clothes than sneaks. My wife
      however is buying the Apostrophe line of dresses from
      Sears and she is looking good....

    • But spending currency or facing credit card bills
      isn't.

      So, with all of the negatives on the news
      horizon.

      * Clinton Impeachment (or
      resignation)

      * The Financial collapse of former Soviet
      states

      * Daily stories of finacial difficulties in
      Asia
      and South America

      * Declines in overall
      stock portfolio value.


      Consumers will think
      even more carefully about spending
      money.


      Think about your last major purchase.
      You ask
      yourself, "Should I have looked at one more
      car dealer
      (or brand)" "Maybe I should have looked a
      little
      more before buying the property or house"

      When
      a consumer has $300. $3000. or $30,000. to

      spend in the months ahead they ARE NOT going to
      spend
      it as easily as they did just a few weeks
      ago.

      They will think twice, and the easiest decision
      is
      NOT TO SPEND IT AT ALL!

      This very thought
      of a change in consumer confidence
      has and will
      put a downturn on retail stocks for
      many months
      ahead.

 
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