|Tue July 15 2014 20:11:24|
Merchants, Please Weigh in: Is Consumer Confidence Growing?
By: Ina Steiner
A new report from financial firm CIT Group called "Retail's Changing Landscape" says consumer confidence is on the rise.
Burt Feinberg, President of CIT Corporate Finance, Commercial & Industrial, a division of CIT Group Inc., said an upswing in the housing market will play a role: "Big box home hard goods players and home furnishings are doing well as the real estate market has improved. New households being created has also helped home furnishing stores." And, he said, retail is still appealing to private equity.
Retailers are on the front lines and can get a unique perspective on consumer confidence. I've been impressed with readers' ability to correctly peg the state of the economy (some of you were among the first to identify the Great Recession before the experts confirmed it.)
It's always interesting to predict what kind of holiday season retailers and online merchants will have. Will there be any must-have consumer electronics products or children's toys this year?
What are you seeing out there in your dealings with shoppers? Or have security breaches hampered your ability to judge consumer confidence this year?
Are you being conservative with your holiday inventory purchases, or are you expecting a sell-out season?
Anecdotal stories are welcome!