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Independent voices from the The Washington Times Communities
Topic - John Morris
Florida Gov. Rick Scott on Monday reassigned his chief of staff to the state Department of Veterans' Affairs, signaling an internal shake-up of the freshman governor's executive office.
UNITED PRESS INTERNATIONAL
NEW YORK (AP) — Consumers were eager to buy IPhones and flat-screen TVs in June, but their reluctance to purchase clothing and other nonessentials has retailers worried about the success of the back-to-school shopping season.
NEW YORK (AP) — Americans shopped hesitantly last month, giving retailers some relief from a dismal showing in April but still raising questions about how strong consumer spending will be in the months ahead.
"They're clearly putting their best foot forward on promotions right now," said John Morris, analyst at BMO Capital Markets, who estimates that promotional sale activity is up about 7 percent compared with last year, taking into account the level of markdowns and the amount of goods marked down.
In children's clothing, the lower-priced Children's Place is losing ground to competitors Gymboree and Gap Kids, both of which have been discounting but offer higher quality, Mr. Morris said.