April 30, 2008 —Financial Times, "Race on for slice of US tax rebate billions"
Frank Badillo, chief economist at TNS Retail Forward, estimated that the extra $42bn would boost retail sales by about 1.5 percentage points in the current second quarter. "From the past, the discount store should benefit more than other retailers, just because the rebates are skewed towards low to middle-income households, and they are the ones most likely to spend rather than to save or put the money to other non-retail uses."
April 11, 2008 —Wall Street Journal, "Gap Drop Worst in Dismal March"
Gap Inc. reported an 18% decline in March same-store sales, one of the worst showings in a dismal month that saw customers staying away from malls and defecting to discount chains for necessities. Difficult comparisons with last year`s relatively strong performance contributed to soft results. Overall, a sales-weighted composite of 40 retail chains decreased 0.1% in March, the first monthly decline since April 2007, said Frank Badillo, senior economist at Columbus, Ohio-based consulting firm TNS Retail Forward.
April 11, 2008 —The Washington Times, "Shoppers flock to discounts"
"The reality is that shoppers are stepping up their plans to cut back spending," said Frank Badillo, senior economist at TNS Retail Forward, a Columbus, Ohio, research group. A TNS Retail Forward survey asked shoppers how they plan to spend money in March compared with the previous March. Twenty percent said they plan to spend "much less." When asked the same question in February, only 9 percent said that. The Washington Times
April 7, 2008 —USA Today, "British Grocery Chain Hits America with Fresh Ideas"
“If it’s not performing to expectations, it will make all the changes to assure that it does,” says Jennifer Halterman, senior consultant at TNS Retail Forward, which projects Fresh & Easy will have U.S. sales of $10 billion by 2015, putting it in the top 10 grocers.
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