Layaway Makes a Comeback
NOTE TO EDITORS: The Following Is a Research Alert Issued by Century Capital Research
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 06/21/12 -- In a Value Line article Retail Outlook for 2012, it states, "we believe consumers will continue to spend this year, but with caution. Bargain-hunting will likely be strong in the first half of the year, and especially during the summer months when gas prices are expected to be at their highest. The back half of the year will hopefully house a stronger retail environment and increased consumer confidence."
With the decline in consumer spending, and credit markets still tight, retailers will have to look for ways to entice customers to make purchases. Layaway forces shopping discipline. Says Ludwig Bstieler, associate professor of marketing at the University of New Hampshire's Whittemore School of Business and Economics: "There is a segment of consumers who have a hard time paying their bills. In times like these, that group grows larger, and layaway offers them a way to purchase something without going beyond their means." Layaway has recently been brought back and marketed recently by companies like Sears, TJ Maxx, Marshalls and Best Buy.
This week, Globalgroup Holdings (PINKSHEETS: GIHI) has announced their proprietary software, GlobalLOK™ will be marketed to help retail companies in asset recovery and improve collection ratios on deployed PCs and laptops.
This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid Century Capital Research one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.
Century Capital Research
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Datum: 21.06.2012 - 12:00 Uhr
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