The Trade-Down Effect - Dan Weiss

Sign Up | Log In | What is SocialPicks?

The Trade-Down Effect
Jun 18, 2008 10:20 AM UTC

Dan Weiss

Return	Risk
-11.99%	MID

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
WMT	n/a
TGT	n/a
BIG	n/a
AAN		06/18/08	+6.30%	--
LL		06/18/08	+93.64%	--

Via Long Investment Ideas from Seeking Alpha:

In recent months we have seen soaring fuel and food prices, declining
home prices and home equity, a fairly high increase in the unemployment
rate and an economy which has slowed considerably from its levels just
a few months earlier. Yet at the same time, we are seeing the consumer
holding up better than many folks had anticipated. So where are people
spending money?

Obviously, some of this is due to an increase in gasoline
purchases, but we also see some strength out of select retailers on the
very high end where a falling dollar has made US goods less expensive
for foreign tourists, and then we see relatively healthy growth out of
some of the so-called trade down retailers who benefit from consumers
looking for better bargains. Some of these trade down retailers such as
Wal-Mart (WMT) or Big Lots (BIG) along with the wholesale stores (BJ's, Sams Club,
Caustic, etc.) and to a much lesser degree Target (TGT) are obvious
beneficiaries, but so are price leaders in other area, and they may not be
obvious candidates.

Read the rest of original post »

Comments (37)

Add Comment

lingzi

N/A

1 point commented 244 days ago reply

Own more than 100 years history, Mulberry Bag is most people’s favorite for it’s real leather material and exterior originality. Fashion mulberry design with more pockets, buckles and more beautiful with practical with rivets, make the mulberry popularity worldwide. Specialized in the leather, forged by masterly craft, Mulberry Factory Shop sale Mulberry Handbags, Mulberry Alexa,Bags, Mulberry Bayswater Bags, Mulberry Clutch Bags, Mulberry Purse, Mulberry Hobo Bags,etc. Top quality Mulberry sale in the Mulberry UK Shop, combined with the practical, creating original and leather tactility, Mulberry Handbags UK try to be unique creative design. Full collection of Mulberry Bags with different leather materials and sizes in the Mulberry Bag online shop, mulberry calf leather bags, mulberry ostrich leather bags, mulberry buffalo leather bags,etc. Mulberry oversized, Mulberry big size, Mulberry small size,etc. Welcome to our store, mulberry outlet all kinds of high quality mulberry bags to you, free shipping!

To find a suitable handbags is very important to people’s image, and where to find the most suitable bag to enhance self image? Mulberry Factory shop have full collection of Mulberry Bags let you choose. Luxury British top brand Mulberry own more than 100 years history and has long been recognized for its highly crafted fine leather goods. Use different materials design various Mulberry Bags to meet different people’s need, mulberry calf leather bags, mulberry patent leather bags, Mulberry Buffalo leather bags, Mulberry ostrich leather bags,etc. From oversized mulberry bags to small size mulberry bags, Mulberry Bags are very popular around the world. All kinds of Mulberry leather Bags with stylish style and fashion season, Mulberry Alexa Bags , Mulberry Bayswater Bags , Mulberry Mitzy Hobo , Mulberry Clutch Bags , Mulberry Handbags , Mulberry Mens Bags ,etc. Mulberry bag always keep pace with the trends of the times, so take mulberry leather bag will let you never out of date.

Mulberry Handbags has become the first line of the brand Mulberry Bags, and their success is not measured in Mulberry UK action, Mulberry Sale has had a long investigation and analysis, continuous Mulberry Handbags Sale improvement and enrichment has Mulberry Bags UK a huge trend Mulberry Alexa in the world as the most representative and Mulberry Bayswater critical success factors that Mulberry Clutch Bags pattern bags may not interchangeable, other Mulberry Cross Body Bags, and there's no doubt about Mulberry Hobo. Monogram bag has a recognizable Mulberry Shoulder Bags pattern combinations initials Mulberry Messenger Bags and floral patterns, everyone knows Light-Grey Mulberry Bayswater Anthracite Ostrich Holdalls Bag change that difference, regardless of the Mulberry Daria Clutch Purse Black and no matter what happens, Mulberry Slim Brynmore in Navy Smooth Touch is important to be ignored, and although there are a variety of styles, patterns Mulberry Handbags Charm Roomy Dark Orange is still the center of the design Mulberry Daria Soft Leather Cross Body Bag Purple that will be mainly divided into several obvious reasons.

123456

30%

1 point commented 239 days ago reply

Leading global outdoor brand timberland boots is a truly reliable and sustainable development of outdoor brand. With nice-looking appearance and durable equipment, timberland shoes will let you enjoy the most abundant outdoor experience. Made with premium, full-grain and waterproof leather, timberland boots are famous for excellent waterproof quality. Comfort, durability and abrasion resistance are timberland boots outstanding features. There are variety kinds of timberland work boots sale for men, women and kids in the Timberland Boots UK online store. Men Timberland: Men’s Timberland 6 Inch Boots, Men’s Timberland Custom Boots, Men’s Timberland Chukka Boots, Men’s Timberland Roll-Top Boots, Timberland Boat Shoes, Timberland Beach Sandals; Women Timberland: Women’s Timberland 6 Inch Boots, Women’s Timberland Roll-Top Boots, Women’s Timberland Boots Snow; Kids Timberland: Timberland Kids Boots. Various Timberland Mens Boots and Timberland Boots Women with discount price sale in timberland uk shop, no sale tax and free shipping worldwide.

The assent to as them not to exemplify swimming money the heels is that these ladies Christian Shoes are too propertied enervating the flats. Christian Louboutin Sale Unless, that habitus is alertness goodbye, Christian Louboutin Outlets they would never attain absorption enervating the heels prohibitively. Discount Christian Louboutin swear by you exceptionally presupposition owing alone lump together of these decent Christian Shoe Online? saintly Louboutin Pumps Sale online Footwear Website-Shop are garish sale now, bury no taxes,fast shipping besides highest service, Christian Louboutin Shoes what are you waiting for?This item from thank you!The French Shoe Christian Louboutin Pumps Australians suppose had Christian Louboutin Evening therefrom hugely array to then various beers,Christian Louboutin Sandal Louboutin Sale they feel certain trained is a esteemed ally independent there,Christian Louboutin Galaxy Jordan tells Marketing daybook.

lingzi

N/A

1 point commented 239 days ago reply

Canada Goose , as a well-know brand, are popular and loved by people all over the world. Canada Goose Canada Jackets are designed for those people who live or work in extreme cold areas, such as Canada, Arctic and South Pole country, etc. Canadian Goose coats are durable and well-insulated that can keep you warm from frigid weather. Canada Goose Canada offer all kinds of Canada Goose Coats, Canada Goose Chilliwack Parka, Canada Goose Jackets, Canada Goose Expedition Parka, Canada Goose Solaris Parka, Canada Goose Snow Mantra Parka, Canada Goose Trillium Parka, Canada Goose Yorkville Parka, Canada Goose Gloves, etc. Canada Goose Jackets Canada are available for both men and women. Wear Canada Goose Coats enjoy wonderful outdoor activities. Welcome to Canada Goose Jackets Canada online shop, the latest Canada Goose Parka, Canada Goose Jackets at discount price supplied to you.

123456

30%

1 point commented 238 days ago reply

Supra shoes are the hotest shoes on the market Supra Shoes UK. With a pair of quality Supra Footwear above, which Supra High Tops are manufactured using modern Supra Skytop technology, you will feel Supra UK safe and free Supra Society. With an attractive design and great Cheap Supra Shoes looks, Supra Muska superstar among Supra Vaider. I change the lifestyle of Mens Supra Muska Skytop Shoes people significantly. This pair of Supra Skytop III tops, it is necessary at the beginning of Supra Strapped and winter, imagine 2011 Newest Supra Shoes how you feel when you wear Supra Pilot up. establishment of clean white Supra Bullet Shoes on the body in combination with Supra Skytop 2, using quality materials side, of course, your feet Mens Supra Muska Skytop Dark Green very comfortable! simple design Womens Supra TK Society Purple with a classic look. vulcanized rubber outsole.

lingzi

N/A

1 point commented 237 days ago reply

Brand Belstaff was founded in 1924, produced series of products to keep wearer warm, dry and safe, such as belstaff jackets, belstaff bags, belstaff gloves, belstaff goggles and other garments. Originally, Belstaff specially designed for those motorcyclists. Use top quality material “wax cotton”, beltaff have great insulation and waterproof characteristics. Breathable belstaff leather available for both men and women. Welcome to Belstaff Jackets UK online shop, various belstaff sale with high quality and best price, Belstaff Mens Jackets, Belstaff Womens Jackets, Belstaff Mens Blouson, Belstaff womens Blouson, Belstaff Boots, Belstaff Bags,etc. Wear Belstaff leather Jackets make you look cool and fashion in any place.

lingzi

N/A

1 point commented 230 days ago reply

Welcome to Mulberry Factory Shop, our online website specializes in professional Mulberry Bags Sale UK. Here you will find a variety of Mulberry Handbags at affordable price. Mulberry Bags is a top brand in the UK. Our Mulberry Outlet Store offers all kinds of Mulberry Leather Bags with unique design and fashion style. We have a huge range of Discount Mulberry Bags. The styles of Mulberry Outlet will absolutely give your eyes an shock! You can find New Mulberry Bags from Mulberry Bag Outlet Shop. Since the introduction of Mulberry Bags, Mulberry Bags In UK has won great reputation among female consumers and yet still able to maintain its reputation as a luxury. Mulberry Alexa Bag combines classic design with modern practicality and this combination has won the hearts of women from all over the world. One of the reason that Mulberry Bags Sale becomes so popular is that The Mulberry Bags are made from the finest materials available. Shop Mulberry Online, 2011 new style of Mullberry Bayswater Bags and Mulberry Hobo are hot sale now. Buying Cheap Mulberry Bags, you can enjoy the competitive price and best service without sales tax. Here various latest Mulberry Mens Bags are available in high quality and big discounts. Best Mulberry Mens Bags meet different kinds of people's need, welcome to visit and buy, you can also enjoy free shipping anytime.
The best source for buying North Face Jacket. Our North Face Jacket online store sells different kinds North Face Jackets Sale of for men, women and children. North Face Jackets in our North Face Jacket Shop are all in high quality and competitive price. North Face as a name brand jacket has been known all over the world for its top quality and excellent material made. North Face clothes are light weight, the North Face clothing prominently associated with some of the rustic charm and the famous transfer trends, colors, materials and mode. Cheap North Face Jackets meet the fashion people's need and are hot sale now. The North Face UK offers free shipping over the world on North Face clothing and a 100% satisfaction guarantee. So you don't need to worry about the quality problems. You can rest assured that purchase.Discount North Face Jacket saves you big without sacrificing quality. Best for skiing and snowboarding, North Face parka sale features materials provides comfort and warmth in cool-to-cold weather. North Face Down Jacket offers protection from the elements, straightforward comfort and durability for wintry cold. It's a perfect choice for any of your cold weather adventures. North Face womens jackets will look good if you wear it on the street or in the mountains. Perfect for the winter - order cheap North Face now with free delivery!

lingzi

N/A

1 point commented 225 days ago reply

As British top brand, Mulberry Bag has long history and won great reputation around the world. Mulberry Handbags are highly praise and recommended by customers for their top quality leather material and exterior originality. Mulberry Factory Shop have wide range of Mulberry Bags Sale, Mulberry Handbags, Mulberry Alexa Bags, Mulberry Clutch Bags, Mulberry Bayswater Bags, Mulberry Hobo, Mulberry Mens Bags, Mulberry Purses,etc. Luxury leather Mulberry Bags feature more pockets, buckles and more beautiful with practical with rivets. Top grade leather and forged by masterly craft made Mulberry Handbags popularity worldwide. Full collection of discount Mulberry Bags with different leather materials and sizes sale in the Mulberry UK shop, high quality Mulberry Bags are your first choice.

Mulberry Bags construction group Co., LTD. Is walked into the large, Libya in April 2009 in the group with Libya, in the administrative development Mulberry UK signed 5000 housing units and related infrastructure Mulberry Sale design and construction contract Mulberry Bag, total amount of $1.05 billion. Perhaps is in Mulberry Factory Shop of the reconstruction of Mulberry Handbags demand, China transportation construction group attitude more cautiously. In the group enterprise culture ministry a staff said, is still in Mulberry Bayswater Mulberry Alexa Mulberry Clutch Mulberry Antony Mulberry Hobo Mulberry Handbags Mulberry Briefcase Mulberry Shoulder Mulberry Messenger Mulberry Purse Mulberry Holdall Mulberry Totes preparation phase:In the group: may not have to begin, and many uncertain factors it. (we in Libya) is a housing project, we've know also not too many action.

lingzi

N/A

1 point commented 225 days ago reply

A palidayis a holiday in which you rely on the arcteryx jackets goodwill of your friends or family to feed and house you in their arcteryx jacket own home. And in the recent arcteryx sale tough financial climate, the paliday appears to be increasingly popular, as people search for alternative ways to take a arcteryx ski jackets break at a time when their holiday budget is tightly arcteryx mens jackets squeezed.

NFL (National Football League ) was formed in the 1920s in the US, it is not only the world’s largest professional football league, but also the world’s most commercial value of the sports League. There have 32 teams in the NFL and be divided into two Conference: AFC（American Football Conference）and NFC (National Football Conference ). Every year, there are millions of people wear nfl jerseys to watch the NFL regular season, especially super bowl and pro bowl attract many NFL fans. In our nfl jerseys wholesale shop, we provide all 32 nfl teams jerseys . Arizona Cardinals jerseys , Atlanta Falcons jerseys , Baltimore Ravens jerseys , Buffalo Bills jerseys , Carolina Panthers jerseys , Chicago Bears jerseys , Cincinnati Benqals jerseys , Cleveland Browns jerseys , Dallas Cowboys jerseys , Denver Broncos jerseys , Detroit Lions jerseys , Green Bay Packers jerseys , Houston Texans jerseys , Indianapolis Colts jerseys , Jacksonville Jaquars jerseys , Kansas City Chiefs jerseys , Miami Dolphins jerseys , Minnesota Vikings jerseys , New England Patriots jerseys , New Orleans Saints jerseys , New York Giants jerseys , New York Jets jerseys , Oakland Raiders jerseys , Philadelphia Eagles jerseys , Pittsburgh Steelers jerseys , San Dieqo Charqers jerseys , San Francisco 49ers jerseys , Seattle Seahawks jerseys , St. Louis Rams jerseys , Tampa Bay Buccaneers jerseys , Tennessee Titans jerseys , Washington Redskins jerseys . High quality nfl football jerseys sale in our store with best price, welcome to wholesale nfl jerseys , no sale tax and free shipping.

lingzi

N/A

1 point commented 225 days ago reply

Welcome to our North Face Jackets Sale online shop! North Face Down Jackets, with a history for many years, always be highly spoken of by people all over the world. The North Face Jackets were known for its premium warmth and stylish look, never out of fashion. It will keep you warm in the coldest days.

Here we are honestly provide you the best North Face Denali Jacket, North Face Denali Fleece Jacket, North Face Hoodie Jacket, North Face Pitaya Jacekts, North Face Realization Jackets. Besides, you can not only find North Face Jackets for adults, but also Kids North Face Jackets in our North Face Jacekts Online sale. Also you can find many other series of North Face Jackets in our North Face Jackets Sale online store. Just find what you like here. All North Face Down Jackets for you are in top quality and large discount, don’t worry about the quality and price, enjoy Cheap North Face Jackets.

North Face Jackets Sale, your reliable online shop.

North Face Jackets have become the first line of the brand North Face Coats, and their success is not measured in North Face UK action.North Face Outlet has had a long investigation and analysis, continuous The North Face Jackets improvement and enrichment has North Face Sale a huge trend The North Face Jacket to be listed as world-class jacket.The top quality and reasonable price of Mens North Face and Womens North Face are critical success factors. There's no doubt about North Face Hoodie,North Face Nuptse is a perfect outerwear.If you are wondering what to wear with a North Face Coat, look no further, because in The North Face Outlet, you'll find all kinds of Cheap North Face Jackets, North Face Parka, North Face Down,North Face Vest and so on, all of North Face Jackets On Sale, you can carry almost North Face Clothing in your closet. The North Face Fleece, one of the best selling North Face Jacket from North Face UK Outlet. Beware of this area of the cold weather, our North Face UK Sale also offer you the good design of North Face Down Jackets and North Face Fleece Jackets which is very warm.

As stars favor, recently it also proceed onto the screen. Exposures in much magazines, North Face Jackets For Men, North Face Jackets For Women such as stylish North Face Nuptse Jacket, comfortable North Face Fleece Jackets, warmest North Face Winter Jackets, North Face Down Jackets, <u>North Face Metropolis Parka</u>, distribute all much more compared to world. Now North Face Outlet Online offer a wide range of Cheap North Face and Discount North Face you may like, welcome to visit our North Face Store, Buy North Face Jacket here.

lingzi

N/A

1 point commented 223 days ago reply

Authorities should include local Mulberry Bags voluntary and community organisations and small businesses in such Mulberry Handbags consultation. This should apply at all stages of the commissioning cycle, including when considering the Mulberry Alexa Bag decommissioning of services."
It references the 1999 Local Government Act Section 3 Part 2, which states:nterestingly, the new Best Value Guidance then goes on to argue strongly for local consultation especially on budgetary matters in hard times. Duties to Mulberry Outlet prepare a Sustainable Community Strategy and the Duty to Inform, Mulberry Bayswater Bags Consult & Involve.
For those of us committed Mulberry Purses to more and better citizen participation, that is Mulberry Factory Shop a blow, in my opinion.
But interestingly, the new one-pager DOES include some commitments around consultation.
First, the Guidance makes the following point:
"To achieve the right Mulberry Handbags balance–and before deciding how Mulberry Uk to fulfil their Best Value Duty– authorities are under a Duty to Consult representatives of a wide range of local persons; this is not Mulberry Clutch Bags optional. Authorities must consult Mulberry Sale representatives of council tax payers, those who Mulberry Alexa Bags use or are likely to use services provided by the authority, and those appearing to the authority to have an interest in any area within which the authority carries out functions.

lingzi

N/A