I look at it favorably if they have a well-managed outlet policy, but you don't want the outlet driving the growth. But not to be in this market is a mistake since it's an important customer and a different demographic.
More Quotes from Christine Chen:
This was one of the few times where we actually had an issue with them and they were actually present to answer questions for over an hour.Christine Chen
We think Gap will at least meet our fourth-quarter earnings per share estimate of 40 cents per share, which is a penny above consensus.
Christine Chen
I'm not surprised they had good results.. The stores were packed during the holidays and even on Dec. 26 when everyone else was having sales, Coach was selling full-price and the stores were full of people.
Christine Chen
With a later Easter, a lot of companies missed expectations -- no one knew exactly how to model the Easter shift.
Christine Chen
Weather had a huge impact. You're also coming off a strong January.
Christine Chen
The No. 1 concern is merchandise -- they gotta fix the merchandise. They gotta get people to think the merchandise is cool again.
Christine Chen
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