Everyone wants to capture that full-price selling that you get from gift cards after Christmas. This is a perfect way to do it. Since it's 'found' money, (consumers) will pay full price for something that's kind of cool.
More Quotes from Eric Beder:
I think if consumers like the new Kmart, if the company has any business sense, you can argue they should go out and be very big with it,Eric Beder
Suppliers are getting paid on time. And if you look just seasonally, this is one of the periods of lowest inventories for retailers, so this shouldn't be a period where you should have a lot of financial pressure on you.
Eric Beder
The real question is how the rise in gasoline prices is going to affect the holiday season. I think this will be the toughest test of the consumer in at least four years.
Eric Beder
It's a very delicate balance for retailers to decide when to transition into the next season, ... Some retailers hope launching back-to-school lines early will result in better margins. But if a clothing chain picks out a trend and puts it into stores too early and that trend flops with consumers, it leads to lost dollars. Retailers don't want to be stuck with extra inventory so they'll start putting out the sales signs fast.
Eric Beder
If he can get the women's working, he can become a true lifestyle brand. Sean John can become more than just Puff Daddy's company.
Eric Beder
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