All apparel-based retailers got creamed. They lost much of their market share to discounters,
More Quotes from Kurt Barnard:
Despite the fact that it's a clearance month, we can still see strong trends. People stayed away from department stores and they broke down the doors at discount stores.Kurt Barnard
You just can't compare the impact of a large number of sales of flashlights, which may cost 2 to 4, with lost sales, for example, of hundreds of pairs of shoes, each costing 50 to 200,
Kurt Barnard
It's a good industry. It's growing, and it has been growing for a long, long time, but I think the May company is particularly interested in getting access to the bridal business,
Kurt Barnard
It was disappointing. A lot of stores told us that when they opened at 7 or 8 in the morning with special deals good for two hours, crowds were beginning to mass. But at the stroke of 9, when those sales were supposed to end, the crowds disappeared like a snowflake in the palm of your hand.
Kurt Barnard
Until the unemployment picture improves, consumers will be very cautious about their spending habits. We think the second half of the year could also be difficult for the retail industry unless the job demand improves.
Kurt Barnard
Wal-Mart's news is a very big deal, ... There's no doubt that a significant number of consumers are shopping paycheck to paycheck. Most are also waiting for price reductions. So saying that the consumer is still cautious is a good indicator that the holid
Kurt Barnard
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The decision violates both the letter and spirit of the law.
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