If they're going to reposition their place in the market, this is the way to do it, ... It's a very wise move.
More Quotes from George Whalin:
All these new gimmicks are very interesting but the jury's still out about their impact on the consumer or if they'll be cost-effective in the long run ... People don't shop at a store because of one thing but a combination of factors. Even if shoppers like the fancy technology, a rude employee can turn them away from the store.George Whalin
They have significant challenges ahead. May stores had a lot of loyal customers, and it won't be easy to convert them.
George Whalin
I think the women's business is much tougher than anything else they have been in. It doesn't seem like a natural extension to me. They have begun to get a better selection of merchandise and the business is getting better, but they don't have a real track record here yet.
George Whalin
The upper end of the economy has done very well and the stock market is at a 3-12 year high. This bodes well for the high-end merchants, ... Discounters would have had a hard time because their customers were impacted by higher gas prices and uncertainty about jobs.
George Whalin
I don't think the union-based special interest groups and the government are two separate issues. I think they're tied together. Now more than ever Wal-Mart is facing a lot of pressure coming from so many different directions. I think that's why Wal-Mart is putting more effort into communicating with the media.
George Whalin
I think people are nervous about their jobs and when people get nervous about their jobs, they get very careful about spending.
George Whalin
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