Scott Krugman Quotes (27 Quotes)

From what we've been hearing Saturday was a huge day for sales and a huge day for traffic,

It's not a niche holiday by any stretch. It's the first big event after the (winter) holiday season. January is a bit of a lull month for the industry. Not counting back-to-school, Valentine's Day is the second biggest season for spending.

Passing these costs on to consumers is the last option. . . . There's too much competition out there.

Outlets need to be innovative. They need to make sure they are attractive and that they are speaking to the demographic. But by no means are they past their prime or suffering a stigma of being low-end shopping.

People always end up spending more than they plan.

I think we need to take a step back from the immediate and take a look at the long term. The fact remains that It's uncertain what the impact is going to be in the long term. We shouldn't underestimate the perseverance of the U.S. economy. I think by sayi

We might skirt near a recession, and this could change tomorrow ... but layoffs aside for a second, there are some positives, ... The government is being very active by putting liquidity back into the economy, and recent tax rebates and cuts in the tax rate have helped consumer confidence.

The holiday sales are still going strong despite the end of Christmas. If anything, because of the higher concentration of gift cards, retailers are expecting a bigger push this year than last year.

Retailers must always be focused on knowing their customers. But in desperate times like these that message gets hammered home because the competition is so fierce for a limited amount of dollars.

While the price of gas didn't have an impact on the holiday season, mostly since prices at the pump came down, this is not to say higher heating costs won't affect post-holiday spending.

By the time it comes back to them, it's on markdown.

A lot of inventories had been committed to six months out. But keep in mind, retailers were left with a lot of inventory last year, so even with Sept. 11, chances are retailers were in a pretty good spot. Inventories are still lean going into the holiday season.

It's definitely been an emerging trend. You can give someone a flight into space now if you wanted to it'll cost you 5 million bucks but the opportunity is there.

This is probably going to be one of the hardest holiday seasons to predict. Last year, you knew what happened, you had an event, Sept. 11. Now, you have a weakened economy, employment issues, and you have consumers not knowing what's going to happen as far as corporate scandals, a double-dip recession and obvious questions about our current war on terrorism.

It is an easier last-minute gift. For people that are trying to avoid the long lines or as the apparel selection starts to thin out, I think you will see more people turning to gift cards today.

I am not buying into ho-hum theory yet. This week is going to be very telling.

The consumer has proved more resilient than many thought. We're still in the middle of a very busy week that can account for 10 to 15 percent of holiday sales, especially with all the unredeemed gift cards. It's not over yet.

The retailers want to make a big push for fall apparel this year, ... That's definitely a fact. There's a very strategic message here. This is well planned out in advance. The question isn't so much the timing of the markdowns as it is the amount of inventory.

This is the most promotional Black Friday we have seen.

This is going to be a very heavily promotional holiday season. Retailers are pulling out all the stops and using every weapon in their arsenal,

The stores in Washington, D.C. were just jam-packed, ... That's exactly what you want to see -- not just shoppers, but people carrying bags.

There's a bigger promotional window for retailers. It helps everyone, but it helps the Internet specifically because many times you're dealing with shipping times. You're not getting that instant gratification of purchasing it that day.

It's way too early to actually tell its impact. Such a small fraction of consumers have gotten them. People will use them to supplement back-to-school shopping budgets and home improvement projects people have been putting off.

However, experts say drops in consumer confidence don't always portend a fall in consumer spending. There is a danger in looking at one indicator and trying to predict consumer behavior, ... You can't ignore that kind of drop.

My standard feel is it's too early to tell. It looks like things are starting to stabilize a little bit. They're not getting worse.

It's enough to turn a good holiday season into a great one.

The only people who are going to have problems, real problems, with return policies are people who are trying to defraud a retailer.