Target's increased emphasis on providing consumers with trend-right merchandise has strengthened the retail chain's presence as a destination for apparel,
More Quotes from Jeffrey Klinefelter:
I think the idea that teenagers are becoming conservative, even rejecting low-rise jeans, is really a media-created story because nothing in our research shows that is happening.Jeffrey Klinefelter
Target's business has evolved to a point where I believe their core customer is as comfortable buying an outfit as they are a basic necessity like soap and toothpaste, and that is really the ultimate goal of everyone in that industry. It certainly appears to be an even sharper focus of Wal-Mart at this point, given how Target has outperformed Wal-Mart over the past two years.
Jeffrey Klinefelter
Penney offered a benign set of comments about Eckerd. While its department stores are doing a little better, Eckerd is deteriorating. The speculation is that Penney's first choice is to sell its drugstore business.
Jeffrey Klinefelter
The company is reconfirming guidance for 2006 that includes at least 20 percent revenue growth.
Jeffrey Klinefelter
We believe the 'back-end loaded' nature of December will be particularly pronounced this year.
Jeffrey Klinefelter
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