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Retailers Cautiously Optimistic About Consumer Spending?
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City Soles founder Scott Starbuck on the outlook for retail sales.
- Duration 1:54
- Date Feb 18, 2013
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City Soles founder Scott Starbuck on the outlook for retail sales.
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-- in the first measure of consumer spending since the payroll tax hike X wild -- -- -- retail sales have inched up ever so slightly shoppers out but maybe not in full force.
So is this the new norm now that everyone has a big a bite taken out of their paycheck from.
Jeff Flock is that Citi souls in Chicago wouldn't or in today's -- -- Actually we always like to bring this to main street if we can what better place to -- an issue store.
But it's almost a misnomer to call this a shoe store Citi souls -- A Scott Starbucks -- venture kind of wants to become the -- -- I've got to ask you.
Do you feel what the numbers said today just a brief small ticked up.
You mean an -- in guys in sales I feel the consumers are feeling deathly more confident but they're really don't only thing growing is on line right now so.
-- talk about more about that the second but first I want to show you the numbers this past several months as we walk perhaps through the store.
Take a look at the numbers they had been pretty good other than the the month leading up to the election but now kind of pull back a little bit do you worry at all about that.
We always worry in February.
At the slowest month of the of the year in retail so.
We're very cautious -- cautiously optimistic going forward bit.
January February is like the dog days of retail sort of slow right Scott says video has become huge for him that's of growing part of the business that's a one part of the businesses has their city -- TV by the way.
And Scott appears on that there is right there by -- He says you've got to have video on line now if you wanna sell on line.
Growth somewhere east yet we launch -- -- TV last year were -- over 600 episodes and had -- 150000 views of our episodes so.
Really tracking -- -- and that's converting sales cautious optimism.
In Chicago on main street on retail sales -- soles TV all right Jeff Flock in Chicago thanks so much kept them.