Word: consumerized
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Late last week, however, Bed Bath & Beyond announced results that actually exceeded the expectations of Wall Street analysts, an all-too-rare event in the retail world. The retailer's profits rose 13.5% for the first quarter. While same-store sales still declined 1.6% - no reason to be jumping for...
Experts say Genitti's mind-set is quite common in this environment. "What we're beginning to see is the consumer returning to feel-good spending," says Cohen. "But they're not doing it recklessly. They're sticking their feet in the water. Consumers aren't running about and buying...
We would create a single regulatory agency, a Consumer Financial Protection Agency. This agency will have only one mission--to protect consumers--and have the authority and accountability to make sure that consumer-protection regulations are written fairly and enforced vigorously. Consumer protection will have an independent seat at the...
This is an extremely fashionable topic at the moment. Some cultural observers even think Americans are due for a prolonged shift away from the consumption obsession of the post--World War II era. That strikes me as an iffy bet, but it is clear that the debt-fueled consumer spending...
The long boom in stock prices from 1982 to 2000 and the shorter one in housing prices from about 1997 to 2006 were fueled by rising debt. Ever easier mortgage terms and falling interest rates provided a brisk tailwind for home prices. In the stock market, higher profits pushed along...