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Crocs, Inc. Message Board

  • As_the_world_turns As_the_world_turns May 30, 2008 12:44 PM Flag

    SKX TBL also down more than 3.5%

    Skechers and Timberland also down on consumers' mood.

    From Yahoo

    Consumers' mood at 28-year low in May: U.Mich
    Friday May 30, 9:56 am ET

    NEW YORK (Reuters) - Consumer confidence fell to a 28-year low in May as inflation expectations soared, according to a survey released on Friday that presents a dilemma for the Federal Reserve.

    The Reuters/University of Michigan Surveys of Consumers said the final reading in May for its index of confidence fell to 59.8 from April's 62.6, slightly above the median expectation of 59.5 in a Reuters survey of economists.

    May's reading was the lowest since 58.7 in June 1980 but it was slightly higher than the preliminary reading of 59.5 published earlier this month

    All US retailers are being shot. But SKX has nearly 3 times the US sales of CROX and will have a harder time than CROX. But SKX has already reduced expectations sharply.

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