PETM-In the Chateau Bow-Wow

In the land of the finite “wallet”, even Fido gets put in the dog house.

OK - your Talented Blonde has gone ON and ON about the difficulty the shopping mom has had in the last two months. It’s BRUTAL prioritizing the spend, when there are soooo many fires to put out in the house! Kids whine, mommy wants, hell,even the DOG has needs. Well, this a.m., we got a good look on where different family needs are in the consumer heirarchy of “needs”. Mom screwed the pooch!

Petsmart (PETM) pre-released today, and took comp guidance down from the previous + low single. Can you say FLATLINE???? Management talked about the tough retail enviornment, and took earnings down by over 9%, from $1.68 to $1.53.

Um- throw me a bone here, but isn’t the world starting to get it????? If it ain’t an IPOD, Crocs, an ANF hoodie, a LULU yoga top, or a WSM holiday table piece, it’s NOT SELLING.
-TB

Filed by admin at October 10th, 2007 under Tech, AAPL, WSM, PETM, Same Store Sales, Footwear, loathe it, ANF, teen retail, fashion