Women’s Wear Daily

07 November 2012

As many retailers get ready to announce their third-quarter earnings, the industry is watching to see how the economy and consumer confidence have impacted profits, according to a Women’s Wear Daily article. In the article, Kurt Salmon retail strategist Arnold Aronson said these factors may not impact results as much as one might think. “We’re still a consumptive society,” he said. “There are a lot of people who might feel they have deprived themselves. The talk will be, ‘What are you shopping for?’ and ‘What’s the hottest?’ and ‘Who has the best prices?’ The conditions are going to be slowly but steadily improving.”

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