Bed Bath Beyond (BBBY) - Shoppers “Didn’t Have the Time.”
Investment U (January 8th, 2009) Writes:
Bed Bath & Beyond (BBBY) - Shoppers “Didn’t Have the Time.”
This morning, Wal-Mart (NYSE: WMT) reported that December holiday sales were much less than expected. It comes on the heel of reports that Americans actually cut back holiday spending this year.
Bed Bath & Beyond (Nasdaq: BBBY) reported lower sales as consumers clearly “did not have the time,” or the money. It joined a growing list of retailers who saw sales and income drop this Christmas.
Retail outlets are having great difficulty maintaining their levels of profitability as consumers cut back - massive sales and promotions don’t seem to be doing the trick. And for investors looking to profit, the outlook doesn’t look good.
But that doesn’t mean there weren’t companies with products that didn’t fly off the shelves. Nintendo’s (OTC: NYDOY) Wii consol and Apple’s (Nasdaq: AAPL) products
...AAPL, Bed Bath & Beyond, Christmas, Contrarian Perspectives, InvestmentU, Nintendo, NYDOY;, Retail Outlets, Wal Mart


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