The trouble today with retailers is they can't afford to have too many underperforming stores. When 10 percent of your stores are unprofitable, you will start losing money. That wasn't the case years ago.
More Quotes from Britt Beemer:
At this point in the buying season, parents have only spent 71.96 so far, so there is time for stores to get aggressive and drive more sales,Britt Beemer
About 30 of people who got gift cards plan to use them this week. Many retailers are going to be putting out spring merchandise to get people excited about it.
Britt Beemer
What's happens is retailers become known for certain things. You want to be known for some product category. You want to be known for a return policy.
Britt Beemer
The two executives are also swapping territories. Menzer, 54, will take over the U.S. business after serving as chief executive officer of Wal-Mart International. Duke, 55, will run the international division after heading Wal-Mart Stores U.S. A. Its interesting they flipped the jobs, ... They want the future CEO to have experience on the domestic and international side equally. It may be that Wal-Mart looks at the international side as equal to the U.S.
Britt Beemer
More Americans are waiting to the end to shop for Christmas than any other time in the last 10 years. The consumer was never excited about anything that they saw this Christmas.
Britt Beemer
To a great extent, the brand has become a non-brand. It has not been nurtured or built upon for the last few years. They won't necessarily save money, but they'll consolidate their advertising dollars to a limited number of brands and do it better.
Britt Beemer
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That co-operation and peace rather than industrial strife and strikes will best promote the prosperity of the employees the company and all of the people and even strengthen the nation.
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