Even the apocalypse is a process that takes time. Like a financial crash that isn’t really a condensed all-at-once occurrence, the retail industry’s long-described reset has for another year reached even greater proportions in 2018. It’s not clear when the term first showed up, but by now it is a mainstream staple. No article on the state of retailers is [...]
According to Challenger, Gray & Christmas, layoffs in the US were up 32% in March 2016 over March 2015. Compared to both January and February this year, March was somewhat better but overall for Q1 published layoffs were also 32% more on a year-over-year basis. It wasn’t a very good quarter. Some of that is expected given the death of [...]
Maybe using the word “troll” in this sense is overdoing it, but in more than one way it seems deserved given what has been presented. The retail picture so far at the beginning of the back-to-school season has been, at best, mixed. But you don’t get that idea from most of what is presented. As Thomson Reuters starts its latest [...]
There are sentiment surveys and then there are real dollars. The sentiment surveys are holding their own, but there is nothing they can tell us about absolute levels of growth. Further, sentiment surveys were designed and calibrated under far different conditions than what we experience today. As much as even the major statistical releases are struggling with faded correlations, that [...]
We keep hearing about pent up demand as if it is a foregone conclusion. For some, particularly orthodox economists, it really is – it has to be. If there is no pent up demand awaiting some ephemeral trigger, then their whole theory of the economy is wrong, from the ground up. The Fed reduced interest rates throughout the economy (though [...]
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