After months of increases, latest consumer spending data shows a decline for October. An understandable outcome from super storm Sandy or sign of greater economic weakness? Monica Mehta breaks down the latest retail number with Fox’s Neil Cavuto.
Sales have been slumping at Sears for the past 18 quarters. Consumers are buying fewer higher ticket items, tough for a retailer known for appliance sales. And Walmart’s new layaway program is taking a bite out of sales with low income shoppers. Even the Kardashian Kollection can’t save this retailer.
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Tagged Cavuto Your World, Fox News, Kardashian Kollection, Monica Mehta, Retail Watcher
The Entrepreneurial Instinct (McGraw-Hill, Sept 14 2012)
Monica Mehta is an investor, author and finance expert. She is a frequent contributor for CNN, Fox News, BloombergTV, MSNBC, INC Magazine and Bloomberg BusinessWeek. She is the author of The Entrepreneurial Instinct (McGraw-Hill, Sept 2012)
Monica Mehta 