CNBC Stock Blog
- Buy These 'Competitively Positioned' Stocks: Portfolio Manager
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- US Home Prices Up 5th Month, 2nd Straight Quarter
- China Eastern to Complete Shanghai Air Buy by End '09
- Gold Will Collapse Like Oil Did in 2008: Charts
- Wave of Debt Payments Facing US Government
- Weak Dollar Is Golden for Mining Companies
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- FDIC Insurance Fund Falls to Negative $8.2 Billion
- GM's Plan to Sell Saab Unit To Swedish Firm Falls Apart
- The Lloyd's Prayer, Leggo My Eggo, Plate Hate & Your Emails
- Buy These 'Competitively Positioned' Stocks: Portfolio Manager
- Behind The Scenes With Warren Buffett
- 'Why the American Consumer Will Keep on Buying No Matter What'
- On Assignment: Europe & Asia
- The L.A. Extravaganza: A Test for Auto Shows
- 8 Stocks That Could Gain With Rising GDP
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- Consumer Confidence Improves But Still Shaky
- US Home Prices Up 5th Month, 2nd Straight Quarter
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- FDIC Insurance Fund Falls to Negative $8.2 Billion
- Ron Paul's Plan to Audit Fed a 'Serious Attack': Mishkin
- US Economy Mired in 'Form of Depression': Rosenberg
- Strong Banks, Weak Credit: Treasury Rethinks TARP
- Fairfax Lawsuit Keeps Heat on Chanos, SAC's Cohen
- Blog: Behind The Scenes With Warren Buffett
RSS FEED
Text Size 
CNBC News Associate
Retailers are gearing up earlier than usual for the back-to-school season and analyst Jeff Klinefelter at Piper Jaffray and Ellen Davis, senior director at National Retail Federation, discussed the outlook for the industry.
“It’s going to be difficult—that’s no surprise,” Davis told CNBC. “People are going to be spending about $550 on back-to-school compared to about $600 last year so the average family is going to cut down about 8 percent and as a result, retailers are cutting back on inventories as well.”
Davis said there is deflation happening in the retail sector right now, particularly in the clothing and electronic areas.
“We’re expecting some parents to postpone the cooler-weather purchases until later in the fall,” she said.
In the meantime, Klinefelter said although there’s going to be a value focus, the fundamental winners this year in the retail sector are going to be the discount specialty retailers.
“It’s been down-trending for about 3 years,” he said. “We’ve been in a fashion recession and so we think there’s going to be some natural replenishment that kicks in this fourth quarter.”
Klinefelter Likes:
Kohl’s [KSS
Loading...
()
]
Ross Stores [ROST
Loading...
()
]
Aeropostale [ARO
Loading...
()
]
Klinefelter is Cautious About:
Under Armour [UA
Loading...
()
]
Action Sports
Pacific Sunwear [PSUN
Loading...
()
]
Quicksilver
Disclosure:
Klinefelter's firm makes market in the securities of all the companies mentioned above, and will buy and sell the securities of these companies on a principal basis.
______________________________
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes