Early indications show that store traffic and the promotional activity is at lower levels than last year at this time. I wouldn't be surprised if many retailers try to get away with selling merchandise at full price.
More Quotes from Kurt Barnard:
There's no question that Kmart is in deep trouble, and how that trouble is going to resolve itself remains to be seen,Kurt Barnard
They were tepid. They give clear indication that Americans are far from ready to go on buying binges,
Kurt Barnard
Lampert signaled a long time ago that he wanted a major role for himself in the actual running of the company. That's apparently what he's doing now.
Kurt Barnard
Even the most loyal customers won't be able to resist a very good bargain. And by the time the loyal customer has bought all the Wal-Mart bargains, there won't be very much left for Target.
Kurt Barnard
They ought to go private. It makes it easier to make changes and what is more they will not have the personnel problem that always comes when someone totally new steps in and takes over the company.
Kurt Barnard
What we are seeing is that consumers' cautious spending is now stretching to the low-priced discount stores as well as to the other stores. ... Today, saving money is chic. Bargain hunting is fashionable.
Kurt Barnard
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