Posts Tagged ‘shoppers’

OUCH: ShopperTrak Reports November

OUCH: ShopperTrak Reports November

Female shoppers shopping in retail boutique

Courtesy of Karl Denninger at The Market Ticker

So much for "Black Friday was reasonably good."  Like hell:

CHICAGO, IL, December 9, 2009 – ShopperTrak RCT Corporation’s Retail Traffic Index (SRTI) today reported that total U.S. foot traffic for the month of November fell 6.1 percent while the company’s National Retail Sales Estimate (NRSE) reported retail sales slipped a very slight 0.1 percent for the same period.

Now that’s gonna leave a mark.

Don’t believe the pumpers folks – as I reported earlier, Gallup says that per-person spending is down huge – more than 20% year/over/year – and last year sucked.

Grinchmas II cometh, and it appears it will be worse than last year.

This makes one look at this particular chart in a rather curious light:

That’s the "Retail Holders" ETF, covering (roughly) the retail universe.

The "optimism" you see reflected in that chart is due to the crooners all calling an imminent recovery in consumer spending for the last six months.

Now we’re being presented evidence that it has not occurred and the excuses are starting – "consumers are waiting until the last minute for better deals" and similar.

Come January when actual results have to be reported as earnings and revenues the truth will be much harder to hide.  Some retailers are already reporting honest numbers – like Neiman-Marcus:

Sales at its namesake Neiman Marcus and Bergdorf Goodman stores open for at least a year, or same-store sales, continued to fall, dropping 14.9 percent during the quarter. Overall comparable sales, including its direct marketing segment, declined 13.7 percent.

Oh yeah, that portends a recovering economy and consumer spending, considering that the comps were from last year when the entire world was one big financial fireball following Lehman, AIG and the stock market’s collapse.

NOT!

 


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Shoppers Walk Away Leaving Orphan Items Behind

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Shoppers Walk Away Leaving Orphan Items Behind

shoppers walking awayCourtesy of Mish 

In increasing numbers, cash strapped consumers are abandoning items at the checkout counter or dumping items from their virtual shopping baskets online. The former creates orphan items that have to be restocked.

Last second abandonment is a new twist in the "Do I really need that?" shopping psychology that has set in. Now more than ever, shoppers are thinking twice in the checkout line.

Penny-pinching Americans are getting cold feet at the checkout — thinking twice about spending and ditching items before they’re rung up.

They’re leaving sweaters in the dress department, dumping cookies near the grocery cashier and waiting until the last minute to weigh wants versus needs. Online, shoppers are abandoning their virtual carts as they search for better deals.

People "want to be in the act of shopping, but they don’t want to be in the act of buying," said Joel Bines, a director at AlixPartners, a turnaround consultant.

Besides abandoning goods while standing in line, they’re paying close attention once checkout begins. They ask cashiers to provide a total while they’re still scanning items to see where they stand, or to have necessities like health care basics scanned first, said Dan Fishback, chief executive of DemandTec Inc., a retail technology company. When they hit their limit, they forgo what’s left in the basket.

Internet research company Forrester Research estimates as much as 59 percent of online purchases are being dumped during checkout. Those rates had ranged from 47 percent to 53 percent in the past six years, according to industry surveys.

The Container Store, which sells storage items, has seen its online abandonment rate rise to 68 percent. The company has launched an e-mail campaign to remind shoppers of their abandoned purchases and a service that lets shoppers pick up online purchases at the store to avoid shipping costs.

Eric Younan, 35, of Farmington Hills, Mich., who said he had never quit during the checkout process, has abandoned online shopping carts four times in recent weeks because he discovered extra charges late in the game.

"Two years ago, a $10 handling charge wouldn’t have fazed me, but now I would just drop it," said Younan, a publicist. "Back then, I had more disposable income, and my time was


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Phil's Favorites

Why Easter is called Easter, and other little-known facts about the holiday

Happy Easter Everyone! 

Why Easter is called Easter, and other little-known facts about the holiday

What is the origin of Easter eggs? Katie Morrow, CC BY-NC-ND

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Zero Hedge

Fragility In The World 2019

Courtesy of ZeroHedge. View original post here.

Authored by Apra Sharma via WorldOutOfWhack.com,

Yemen is labelled as the most fragile country by Fragile States Index in 2019. Finland is now the least fragile country.

Source: https://fragilestatesindex.org/

(Highlights from Fragile States Index)

“This year, Yemen claimed the top position for the fi...



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Insider Scoop

Uber To Sell Minority Stake Of Its Autonomous Vehicle Unit To Japanese Consortium

Courtesy of Benzinga.

Uber Technologies is planning to sell a 14 percent stake in its autonomous vehicle unit to existing investor Softbank, Japanese automaker Toyota, and auto parts manufacturer Denso ahead of its much-anticipated initial public offering (IPO), which is expected to happen in May. Though...



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Digital Currencies

5 Cryptocurrency Tax Questions To Ask On April 15th

Courtesy of ZeroHedge. View original post here.

Authored by David Kemmerer via CoinTelegraph.com,

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation.

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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Thursday, 18 October 2018, 05:33:01 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: Why The Stock Market Is Heading For Disaster youtu.be/Gubf0A5pHL0



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Kimble Charting Solutions

Silver Bear Market Faces Big Price Support Test!

Courtesy of Chris Kimble.

When silver, gold, and the precious metals industry were red-hot bullish in the 2000’s, investors could do no wrong.

You could buy SILVER at just about any price and it would go higher.

In today’s chart, you can see three large green bullish ascending triangles from the 2000’s that lead to big gains. But that was the bull market before the current bear market.

The tables have turned since the 2011 price top. Silver quickly formed a bearish descending triangle and fell another 50 percent when that broke down. This sent a vicious bear mark...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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Biotech

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Reminder: We are available to chat with Members, comments are found below each post.

 

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Assorted cannabis bud strains. Roxana Gonzalez/Shutterstock.com

Courtesy of James David Adams, University of Southern California

Medical marijuana is legal in 33 states as of November 2018. Yet the federal government still insists marijuana has no legal u...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

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Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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