John Lennon, 12-08-80 (A Winter's Night in A Deep and Dark December)
jeffcochran.substack.com
The 4th quarter. It’s as critical for retailers as it is for a basketball team. The game’s on the line and some three-pointers are needed. The three-pointer equivalent for retailers is a plastic-happy customer. ‘Tis the season to run up lots of debt. The plastic allows the stores to sell their goods at a torrid pace in the last few weeks of the year. At least people working in the stores hope so. Otherwise they may not be working in the upcoming first quarter. The months after the 4th quarter are usually sluggish anyway. If the retailers sell a lot when people want to buy, they can likely hang on during the slow months.
John Lennon, 12-08-80 (A Winter's Night in A Deep and Dark December)
John Lennon, 12-08-80 (A Winter's Night in A…
John Lennon, 12-08-80 (A Winter's Night in A Deep and Dark December)
The 4th quarter. It’s as critical for retailers as it is for a basketball team. The game’s on the line and some three-pointers are needed. The three-pointer equivalent for retailers is a plastic-happy customer. ‘Tis the season to run up lots of debt. The plastic allows the stores to sell their goods at a torrid pace in the last few weeks of the year. At least people working in the stores hope so. Otherwise they may not be working in the upcoming first quarter. The months after the 4th quarter are usually sluggish anyway. If the retailers sell a lot when people want to buy, they can likely hang on during the slow months.