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Transcripts For FBC The Willis Report 20131126

Your advice. Tonight, the Holiday Season. Retailers are giving an ulty may tum. Bigger and bigger price cuts making consumers the big winner. Joining me, david bach the founder of rich. Com. David, ill start with you. What is consumers mind set going into the holiday . Are they going to spend . They are telling interviewers they are not. Dont believe the pollsters. We are at an all time high. What does the average american feel . They feel richer and they have less debt. Real estate prices are back up. The consumer is going to spend money. The Holiday Season is shorter, but stores are open on thanksgiving. Retailers are going to be pleasantly surprised. Peter, do you agree . Theres Consumer Confidence being down, some of the employment numbers are good, some o bad. What do you see . We are not creating fulltime jobs. Lets not go down that path. I dont see a good season. Incomes are not rising. They are conservative about taking on debt. They are facing Higher Health care premiums. Empl

Transcripts For FBC The Willis Report 20131227

For purchases made november 1st, to 31st. Adam gerri getting it across the country. They try to be more generous. Short window for electronics, 14, 15 days. Best buy 15. Staples, 15. Target 30 days down from 45 couple years ago. You may have a shortened window for electronic returns. Gerri those are toughest people. At end of the people when we talk about retailers who are most persnickety taking things back. They dont want people getting a hot new digital camera, taking it on vacation and returning after the fact. It does happen. Fraud is problem. Gerri what about dresses . Wardrobing is a huge problem. This is 9 billiondollar a year. Go to fancy department store, sachs, buy a dress, where it to fancy party witha the deodorant stains, bring it back next day. One in six women admit to wardrobing. 65 of retailers according to the National Retail federation experienced consumers doing this. This is a big, big problem. Gerri shoplift is a big problem. We have a lot of issues in the retail

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