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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (13573)8/29/1998 11:12:00 PM
From: j g cordes  Read Replies (1) of 120523
 
OK, a front line report on consumers.. this afternoon we visited malls in Massachusetts, Connecticut and New York. They were all packed. The parking lots were just shy of Thanksgiving sales volumes. I got a guided tour of the other side of life.. spending at the malls.

In particular I saw the show stores going nuts.. especially one little store that only sold Sketches, but the discounters, even Timberland were doing very well, Bass, Petermans, Gap, Limited, Sony outlets were packed with gizmo shoppers. What's very well mean in shoe stores you ask? It means each saleman handling five to ten customers and a line at each check out counter ten to twenty deep. At every store I asked how's business.. one kid rolled his eyes and said ".. are you blind!"

The Just for Feet store near Nyack in the Pallisades Mall was packed and humming.. I asked if sneakers were selling well. They said they were flying out store. One small Athletic Atic in Danbury Ct. said he sold 6 thousand dollars worth of sneakers yesterday... so I'm very curious about stories saying the sports shoe is dead.

Back to school is intense right now though who can say for how long... certainly through Labor Day and its going to make a welcome contribution to consumer spending stats. I know I had to make one.

Anyone else venture out and have impressions similar to mine?

Jim
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