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Though consumer sentiment rose to its highest level in five years, don't look for retailers to...
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Friday, October 26, 2012, 11:10 AM ETThough consumer sentiment rose to its highest level in five years, don't look for retailers to start adjusting guidance anytime soon. In an interview with CNBC yesterday, AutoNation CEO Mike Jackson gave a somewhat frank assessment of how many execs are looking toward Q4 by noting the fiscal cliff could create a standstill to spending over the last ten days of the year as the automatic cuts slated for January 1 loom larger. Even if a late deal is struck, Q4 sales could take a blow. (video)
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First Rockwell joins the list of companies cutting jobs , followed by consumer sentiment is up.
Bet the "sentiment" isn't up in those families who will soon be losing a paycheck.
There will be no Sequestration if the conservatives take the Senate. If not, all bets are off because Nevada Progressive Unionist Senator Reid is a spoiler that will take us down if he remains in power after Obama is removed.
J
;-)
Mad
Quarter 4 of 2012 will be the most profitable quarter in decades for retailers nationwide.
The resolution of the election, one way, or the other will have people buying gifts in celebration or in apprehension.
In addition to that, depending on which poll you believe, between 20 and 40% of Americans believe the world will end in December of this year. They won't be putting their money away for the future. They'll be buying gifts to say goodbye.
Again, Q4 will be HUGE!
Oops.