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Report: Millennial shoppers hard hit by economic downturn
New York -- Millennial shoppers (consumers ages 18-34) now represent the highest percentage of Americans who do not have enough money to cover their basic needs according to WSL/Strategic Retail, a leading authority on shopper behavior and retail trends. The finding, which noted that nearly 25% of this young adult market say they are not able to make ends meet – as compared with 17% of adults ages 35-54, and only 13% of those age 55 and over – was revealed as part of the company’s How America Shops MegaTrends report, Moving On 2012.
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Cabela's profit rises a record 62% in Q1
Sidney, Neb. -- Cabela’s Inc. reported Thursday that net income for the first quarter rose a record 62% to $28.8 million, from $17.8 million last year.
Revenue increased 6.3% to $623.5 million, and same-store sales increased 4.2%.
"This strong performance gives us confidence our growth strategy is working and working well," said Tommy Millner, Cabela's CEO.