It is a coming back down to earth. About two or three months ago, the world was swept up by the notion that the economic recession is over and the good times are rolling again. That meant consumers would be knocking down the doors of retailers the way they did a few years ago. But guess what It ain't happening.
More Quotes from Kurt Barnard:
Whatever strengths fashion apparel did show came from deep markdowns.Kurt Barnard
Consumers still aren't in a spending mood, ... This year is going to be modestly better. The emphasis is on the word 'modest.'
Kurt Barnard
There is an exceptional dearth of hot, must-have items. So what people are turning out for is the hope that they'll stumble upon something they can buy and give.
Kurt Barnard
She may be right on the button. But for me to believe she'll be right, she'd have to tell me that she knows what will happen with Iran, jobs, the price of home heating oil and interest rates.
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
Retailing and consumer spending are a function of a four-letter word -- jobs. And there are no jobs being formed in the United States at the present time. We are in an unfortunate labor climate, one that might be called not at all propitious for retail spending.
Kurt Barnard
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