The Traderszone Network

Published in TZ Latest News 10 July, 2014 by The TZ Newswire Staff

Second Company Admits "It’s Not The Weather" – It’s The Economy, Stupid

On the heels of Wal-Mart’s dismissal of the “great” jobs report, The Container Store CEO yesterday explained how Q1 weakness was “not just the weather” but an overall ‘funk’ in consumer spending. Last night we had a second firm – the much more integrated into the housing recovery, Lumber Liquidators – come out with some heresy about Q2 bounce backs and the weather…”demand strengthened for 30 days beginning in mid-March. But in May demand slowed and further weakened in June.

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