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.
More Quotes from Kurt Barnard:
Don't get carried away with this whole thing. It's considerably bigger than in times past, but it is not the kind of thing I would say that will make or break a company's quarter.Kurt Barnard
We were dealing with a very cautious, very careful consumer who was not really inspired to buy anything because there wasn't anything worth buying.
Kurt Barnard
If demand should continue to plummet, a lot of retailers will find themselves with too much inventory on hand despite their course of caution. A lot of retailers are cutting back on inventories, canceling orders, in virtually every single area of retail.
Kurt Barnard
There are two conflicting forces at work on the consumer. One is people have jobs, they have money, the unemployment rate is still at a 30-year low of 3.9 percent, a lot of economic circumstances are very, very favorable. A lot of economic circumstances are very, very favorable, people have money and jobs, but they don't have as high a discretionary spending level as they did a year ago.
Kurt Barnard
The fashions did not appeal. They were not sufficiently exciting to sweep consumers into the stores, ... translates into a lack of confidence that there will be strong consumer demand in the second half.
Kurt Barnard
It's an extremely popular hobby.
Kurt Barnard
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