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Though consumer sentiment rose to its highest level in five years, don't look for retailers to...

Though 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)
Comments (7)
  • Great article placement SA editors.

     

    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.
    26 Oct 2012, 11:14 AM Reply Like
  • Romney will put the brakes on before you reach the cliff, but there will be some challenging years ahead as it will take some time to get the two sides (socialist and conservative parties) talking to each other again.

     

    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.
    26 Oct 2012, 11:50 AM Reply Like
  • Nice gypsy fortune teller analysis Max. Is that a crystal ball you're looking at ... oops... looks like a martini glass.

     

    J
    26 Oct 2012, 12:38 PM Reply Like
  • Check your in-box November 7th. We'll find out whether I'm nipping the bottle, or you just can't pick winners or losers.
    ;-)

     

    Mad
    26 Oct 2012, 02:33 PM Reply Like
  • ***Please Mark This Post Down On Your Calendars For A Reminder To Send Me****
    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!
    26 Oct 2012, 03:27 PM Reply Like
  • I thought the Mayan calendar end of the world extremists had gone away for good.

     

    Oops.
    28 Oct 2012, 08:45 PM Reply Like
  • Shhhh, don't discourage them Bill! Lot's of people are looking for an easy way out. I'm just hoping for a 20% increase in my Nordstrom stocking. Merry Christmas!
    31 Oct 2012, 06:14 AM Reply Like
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