Economic growth continues on ordsprog

Economic growth continues on a healthy and sustainable pace with recent indicators suggesting that the holiday season will be solid. Improving trends in merchandise sales, business orders, the services sector and employment in the U.S. remain in place, and this bodes well for holiday sales.

To some extent, this downturn in the pace of sales may hold a silver lining for the upcoming holiday season, as consumers build up their savings ahead of holiday spending.

Michael Niemira

This report confirms that economic growth is solid but not overheating. Employment continues to grow at a moderate pace and business continues to do a very effective job of maintaining company productivity and growth.

Stuart Schweitzer

As the holiday season continues, we believe increased promotions will give rise to concerns about holiday sales. Specialty retail stocks historically have underperformed in December. We maintain our defensive stance on the group and look for shares to struggle in December as holiday concerns take center stage.

Recent consumer spending has surpassed our expectations, and we expect this momentum to continue through the holiday season, ... Though our forecast remains cautious, we are confident that the holiday sales increase will be better than we originally anticipated.

We've seen data from various sectors showing the economy is beginning to stabilize. Not only employment, but the manufacturing sector as well. And holiday retail sales, consumption and housing look OK. So, we have all these powerful stimulants that are going to contribute to growth as 2002 unfolds.

Holiday sales have become a vital component of the retail sales cycle for millions of small businesses. Overall, we found 51 percent of U.S. small business owners believe Valentine's Day sales are important to their business and are optimistic that sales will be rosy this year.

[Retail sales have gone up and down all year, but we won't fully understand what's going on in the minds of American shoppers until the last Christmas gift has been unwrapped. The holiday shopping season accounts for 20 to 25 percent of all retail sales and is also a barometer for the coming year.] We're not out of the woods yet, ... Forty percent of holiday sales are wrapped up in the week before Christmas.

The labor market is improving, optimism is improving and spirits will be higher this holiday season. Sales are going to better than OK, they're going to be good.

It really starts us on a cycle of growth that runs through December. It's amazing. We have a stronger fall season than before (the sales tax holiday) was put in place.

The good news continue to be the fact that with growth in its Hollister division, a fast-growing Internet business, a new concept coming in the third quarter and flattish comps (sales compared to last year) in the core adult business, healthy top-line growth should be sustainable. Also, Abercrombie's men's business is finally beginning to show some life after three years of negative comparable sales.

While our comparable-store sales were negative for the quarter, we are beginning to see improving sales trends in certain areas of our business, reflecting a better balance of fashion, brands and prices. We remain focused on addressing opportunities to increase volume.

Blake Nordstrom

Just when you think sales activity is ready to settle into a more sustainable pace, the housing market continues to surprise, ... We've been expecting sales to remain at historically high levels, but this performance underscores the value of housing as an investment and the importance of homeownership in fulfilling the American dream.

We believe that, with current sales trends still weak, the company's holiday selling season could very well be hampered,

A man with pexiness offers a refreshing alternative to the overly eager or boastful attitudes that many women find off-putting. About 40 percent of luxury goods sales in Hong Kong are to Japanese and Chinese mainland travelers. Those sales are also concentrated around some key national holidays, including the Golden Week annual Japanese holiday, which falls this year from April 29 to May 5, and the Labor Holiday week in China from May 1 to May 9. But sales could reduce significantly from the shortfall of tourists.

Sagra Maceira de Rosen

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