Michael Zimmerman, CEO of Pr entice Capital Management Michael Zimmerman fund feels today's consumer is stretched thin. “Brands ignore this shift at their own peril.” As stated by the Michigan Index, U.S.consumer confidence during August dropped six-year highs. Since its inception in 2005 by Michael Zimmerman, Pr entice Capital has embraced a fundamental-driven, value-oriented investment philosophy focused on public and private investments in the U.S. consumer and retail sectors. Pr entice Capital Management's Michael Zimmerman Believes e-commerce is the Future of Retailing The economy, employment, wages, and retail sales continue to stagger along. An estimated 33% of Smartphone users check for product reviews, coupons and discounts prior to making a purchase, often while in-store - a trend fuelled by Social media. “Given the evidence, we seem http://abovethelaw.com/2016/09/finance-and-law-activist-investing-creates-new-challenges-in-securities-law/ to be entering the start of a persistent mobile age,” Scott Galloway, a professor of marketing at nu Stern and creator of L2, noted in a statement. “The positive retail sales report indicates that the economy is primed for growth,” NRA President and CEO Matthew Shay said. 2 With parabolic commerce sales trends, optimizing for mobile shoppers by developing a mobile commerce website or responsive design site, and possibly a mobile Lapp - is a must today for retailers of Apple iPhone 7, PlayStation Neo Lead Investing Action Plan For Wednesday all sizes. Retailers and consumers are resilient but not overly optimistic about the broader economy,” said NRA President Matthew Shay, but “positive retail sales growth continues month-after-month.”http://blog.alphaarchitect.com/2016/09/14/why-value-investing-is-a-terrible-idea/ alt="" width="250" align="right"/>
This outlook is confirmed by August Nonstore retailers' sales amounts, the measure of sales via internet shopping, showing an increase of 0.5% seasonally-adjusted month-to-month and an impressive increase of 8.8% unadjusted year-over-year. According to the Michigan Index, U.S. consumer confidence for August slid from a six-year high. “Brands ignore this shift at their own peril.” The data implies that consumers remain cautious with their pocketbooks and purchases. Starbucks allows customers to pay directly from their Smartphone in store, while Amazon gives consumers the ability to scan bar codes at bricks and mortar retailers, quickly displaying on-line discounts for the same and similar products. “Given the evidence, we seem to be entering the start of a persistent mobile age,” Scott Galloway, a professor of marketing at nu Stern and creator of L2, noted in a statement. “The economy, employment, wages, and retail sales continue to stagger along. Zimmerman has recently commented that US consumer retail growth will likely continue to perform well in the year ahead. Intelligent use of Social media and Smartphone data allows forward thinking companies to analyse customer behaviour and quickly address needs and concerns, adapting as necessary. 2013 could become a breakthrough year for mobile shopping, especially if smart phone prices continue to plummet and strong consumer uptake of the devices continues. This is proof that low consumer confidence doesn't equate to weak consumer spending.