Paul Trussell

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Last quote by Paul Trussell

This basically, on the average retailer, cuts the profitability in half.
Feb 23 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Paul Trussell is associated, including Wal-Mart, Amazon, and backdrop. Most recently, Paul Trussell has been quoted saying: β€œThe assumption is that the retailer is going to at least attempt to pass this onto the consumer. And so on one side you have companies like Nike that are perceived to have pricing power and that could be helpful for someone like a Foot Locker as well. But when it comes to the department stores or some of the specialty retailers, such as a Gap ... I think the perception there is that those guys will have much more difficulty passing that along.” in the article A border tax will hurt some retailers more than others, experts say.
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Paul Trussell quotes

The stock is down this morning given a lot of expectations and hope that Wal-Mart [U.S. comparable] sales would have improved more than the 0.6 percent, given the low gas prices and overall employment. But Wal-Mart has been a market share loser now for a number of years. I think this is a very different backdrop than we had in 2008, when there was actual trade down and the economy was decelerating.

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