This is a core product category that generates a lot of profit from sales of products and the extended service warrantees. Sears needs to protect this business at all costs.
More Quotes from Britt Beemer:
I'm surprised they kept any of the May company brands, frankly.Britt Beemer
I don't think the day is the kind of day that retailers thought it would be. Christmas Eve is seldom the big day because of the fact that so many consumers ... want to be home.
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
I think 10 years ago if this would have happened, there would have been a much higher level of aggravation, anger and frustration in the marketplace.
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
Overall, the moderate-priced stores such as J.C. Penney, Sears and Wal-Mart had good traffic levels. We think luxury sales were probably flat this past weekend because more people said they decided to go away on vacation before Christmas this year than last year. So this could have impacted spending on other high-end items.
Britt Beemer
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Based on Topics: Product QuotesThe exact contrary of what is generally believed is often the truth.
Jean de la Bruyere
I'd rather not, but if it will help the club, I'll do it. My ankle injury still bothers me sometimes.
Bill Buckner
If a man walks in the woods for love of them half of each day, he is in danger of being regarded as a loafer. But if he spends his days as a speculator, shearing off those woods and making the earth bald before her time, he is deemed an industrious and enterprising citizen.
Henry David Thoreau