Gap isn't a growth story anymore. Its new fourth store concept targeting the 35-and-older customer will give it some growth. But essentially the important thing for the retailer to do now is to stay the course, fix the fashion issues, make operational improvements, close underperforming stores, manage inventory and generate cash.
More Quotes from Joseph Beaulieu:
I don't think these companies results have merited getting hit this hard, but investors are getting concerned with consumer spending as we move into the all-important Christmas season.Joseph Beaulieu
This is the first that I've heard of Gap actually revealing what their growth plan is for the brand.
Joseph Beaulieu
The stock right now is very cheap, the company just hasn't done anything to give investors confidence. Investors are going to have to see proof. I do a lot of store visits and it's very disappointing to see how much is on sale.
Joseph Beaulieu
The tactic did not expand Gap's customer base. It only served to alienate its more traditional, khaki-wearing crowd. As sales tanked, the company slashed prices to liquidate excess inventory. In the process, Gap gained a reputation as a rampant discounter, and the brand lost some of its cachet.
Joseph Beaulieu
It's the right thing to do. Food is a major traffic driver. People who go to Target for groceries will also pick up laundry detergent and paper towels.
Joseph Beaulieu
Readers Who Like This Quotation Also Like:
Based on Topics: Fashion Quotes, Leading & Managing QuotesAnother woman approached me while I was having lunch at the Russian Tea Room in New York and told me that the reason she had become a lawyer was because she had read 'Rage of Angels'. To me, that kind of feedback has more meaning than any sales figures.
Sidney Sheldon
I can get away with saying a lot of ideas that are young and naive. I'm liberated.
Neil Young
If you look over the course of a hundred years, I think the gradual erosion of the consensus that's held our country together is probably more serious than a few bearded terrorists who fly into buildings.
Pat Robertson