The report examined formal corporate filings with the Securities Exchange Commission by the 100 largest American retail companies. The analysis is based on filings from 65 of the companies, as the other 35 did not have to file the forms publicly. In the documents, the companies are explicit about tying their future prosperity to earnings for their customers. Burger King’s 10-K mentions “decreased salaries and wage rates…decreasing consumer spending for restaurant dining occasions” as a risk factor. J.C. Penney’s says that “the moderate income consumer, which is our core customer, has been under economic pressure for the past several years.”
Posted on: Thu, 16 Oct 2014 04:53:29 +0000
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