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Economists, Retailers Paint Different Pictures Of Consumer Health
Monday, October 10, 2016 - 11:16am | 409Retail investors hoping for a busy holiday shopping season will either be extremely encouraged or discouraged, and it all depends upon who they listen to. According to Gadfly's Shelly Banjo, retailers are saying their outlook for the holiday season is the "shakiest" it has been in years. For...
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70% Of U.S. Consumers Are Binge-Watchers
Thursday, March 24, 2016 - 12:37pm | 385Seventy (70) percent of U.S. consumers are binge-watchers and now binge watch an average of five episodes at a time, and almost one-third (31 percent) binge on a weekly basis, according to a survey by Deloitte. The survey pointed out that 46 percent of Americans now subscribe to streaming video...
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Nomura Highlights Top Picks For 2016: Amazon, TJX, Nike, Coach
Thursday, December 10, 2015 - 10:08am | 599According to Robert Drbul of Nomura, the consumer is in a "better position to spend." Drbul added low gas and oil prices will also leave consumers with ‘extra cash to spend' and the low-income consumer should "continue to benefit." The analyst named Amazon....
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UPDATE: Bank Of America Upgrades Kate Spade
Monday, November 24, 2014 - 8:21am | 222Heather Balsky of Bank of America upgraded shares of Kate Spade & Co (NYSE: KATE) to Buy from Neutral on Monday with a price target raised to $34 from a previous $33. “Based on our handbag survey results, we think Kate Spade can offset fewer markdown sales with greater full price sell-through,...
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Down On The Corner Of Main Street And Wall Street
Friday, March 21, 2014 - 2:21pm | 872There was an interesting article in the Wall Street Journal this week about the intense competition among banks to manage the assets of the wealthier clients. Many of them are now offering what they call ‘lifestyle advisory services,' which include everything from planning a vacation to finding the...
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Is Coach the Best Way to Profit from China's Growth?
Wednesday, December 18, 2013 - 3:56pm | 418South Korea may its own, new handbag museum -- but if you want to see those women's accessories in action in an Asian market, look to China. Luxury goods companies such as Ralph Lauren, Michael Kors and Mercedes Benz count on China for increasing sales. And among the most desired items by...
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Is 'Showrooming' Still a Boogeyman for Retailers?
Monday, November 4, 2013 - 2:11pm | 786It's become a term retailers have learned to dread: “showrooming.” That's when consumers visit brick-and-mortar stores to test out products they're considering – then head home and buy those items on-line,at a better price. Showrooming has certainly taken a toll on some retailers. A Pew...
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Shipping Industry Expects Strong Holiday Sales Despite Shorter Shopping Period
Monday, October 28, 2013 - 12:27pm | 424The upcoming holiday season will be the shortest in over a decade, with just 26 shopping days squeezed between Thanksgiving and Christmas. That's six fewer days than last year. But in spite of a compressed shopping season, there are signs the retail sector is looking forward to a happy ending...
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Starbucks Comes Under Official Chinese Criticism For Prices
Monday, October 21, 2013 - 12:20pm | 1282Think the cost of your Starbucks (NASDAQ: SBUX) latte is too much? Well then, take a moment to consider Chinese consumers – who are apparently up in arms about what they're paying for a cup of the high-end coffee. And state-run Chinese media has joined in the criticism of the Seattle-based...
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Playing The Growth In Private Labels (RAH, THS, PRGO)
Tuesday, April 19, 2011 - 1:28pm | 237According to a new report from international financial firm Rabobank, the global market share of private label food products is expected to double, from nearly 25% to 50%, by 2025. One lingering legacy of the Great Recession and the "new normal" has been the rush of consumers towards private label...