High-end stores depend on continued spending from clients that over the past four years have amassed considerable wealth, ... Sales at upscale stores like Saks and Neiman Marcus are also going strong because the stock market has been very customer friendly to this group.
More Quotes from Kurt Barnard:
The demand for the 'luxury look' is back. Americans want to be fashionable and elegantly dressed but that doesn't mean they want to go broke in the process, ... Consumers know that they can get that well-dressed look for an affordable price, and that's why the specialty apparel chains like Gap ( GPS Research , Estimates ) and Ann Taylor ( ANN Research , Estimates ) are performing well.Kurt Barnard
I don't quite understand what the synergy is between the two companies, ... Boise makes paper and OfficeMax sells it -- that's obvious. But Boise hasn't been doing well, either. The real question is, does Boise understand retailing We'll see if this marriage is made in heaven or in hell.
Kurt Barnard
Generally speaking, consumers like the opportunity of being put face to face with newness. They know they don't have to buy now.
Kurt Barnard
We think consumer spending will go back to the kind of level we expected for the fourth quarter before the attacks happened, and that level was not one of great strength. We were thinking that it might be 2 to 3 percent above last year on a same-store basis, and last year was pretty bad. We would be coming off a weak base.
Kurt Barnard
What's happening is very simple. The numbers we saw today are clear evidence that the American public is shell-shocked to the point of being frightened over a big long list of circumstances surrounding the economy over which they have no power, no control.
Kurt Barnard
Their sales are terrible and their efforts to come up with newness that appeals to consumers and brings them back into the stores are failing. There's absolutely no indication that they have found a road back to health, and while they have very little debt, they do have too many stores. With that kind of a background, it's not difficult to envision a bankruptcy in the foreseeable future.
Kurt Barnard
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Based on Topics: Money & Wealth Quotes, Past Quotes, Sales QuotesBased on Keywords: amassed, neiman, saks
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