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buckihja: “The economy, employment, wages, and retail sales continue to stagger along. Michael Zimmerman, CEO of Pr entice Capital Management believes today's consumer is stretched thin - yet increasing on-line sales figures demonstrate that low consumer...
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“The economy, employment, wages, and retail sales continue to stagger along. Michael Zimmerman, CEO of Pr entice Capital Management believes today's consumer is stretched thin - yet increasing on-line sales figures demonstrate that low consumer confidence doesn't always equate to weak consumer spending. Zimmerman has decided to start fresh and created a new hedge fund - Pr entice Capital Management. ET Greenwich, Bonn., April 4, 2014 /PRNewswire/ -- Michael Zimmerman's hedge fund Pr entice Capital believes up to 80% of consumers will embrace commerce in 2014, and anticipates significant increases in the amount of money shoppers spend on-line via mobile. Retailers and consumers are resilient but not overly optimistic about the broader economy, but positive retail sales growth continues month-after-month. The value of mobile commerce transactions conducted via mobile devices is expected to exceed $3.2 trillion by 2017, rising from $1.5 trillion this year, according to a new report from
“The economy, employment, wages, and retail sales continue to stagger along. Michael Zimmerman, CEO of Pr entice Capital Management believes today's consumer is stretched thin - yet increasing on-line sales figures demonstrate that low consumer confidence doesn't always equate to weak consumer spending. Zimmerman has decided to start fresh and created a new hedge fund - Pr entice Capital Management. ET Greenwich, Bonn., April 4, 2014 /PRNewswire/ -- Michael Zimmerman's hedge fund Pr entice Capital believes up to 80% of consumers will embrace commerce in 2014, and anticipates significant increases in the amount of money shoppers spend on-line via mobile. Retailers and consumers are resilient but not overly optimistic about the broader economy, but positive retail sales growth continues month-after-month. The value of mobile commerce transactions conducted via mobile devices is expected to exceed $3.2 trillion by 2017, rising from $1.5 trillion this year, according to a new report from
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