It is a good time if you're willing to accept slow growth and slow improvement. We do not anticipate at this time that the foreseeable future will bring a real strong massive upturn in consumer spending.
More Quotes from 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
I think they're going to make those numbers.
Kurt Barnard
They are streamlining operations, trying to make it more profitable, productive, ... The real question to my mind is how can they be a full line store without cosmetics
Kurt Barnard
The first half is going to be a very, very difficult one, and at this moment it's going to be impossible to say how the second half is going to be, ... The second half is likely to be better than the first, but remember, most retailers are coming off a very weak Christmas and that puts tremendous pressure on gross margins.
Kurt Barnard
The thing that drives retail sales most and best is job availability and the ease of obtaining new jobs. Both of these factors are absent at the present time. It may not be until the end of the year that we see job growth.
Kurt Barnard
We have had a series of rate increases since last year, and so far we have not felt any impact on retailing off all of these increases. However, eventually something will have to give. I would predict that, say towards the end of the year, the fourth quarter, the very all-important holiday fourth quarter, we are going to see that the rate increases will finally take a bite. And that could be a comfort to retailing.
Kurt Barnard
Readers Who Like This Quotation Also Like:
The worst acting is about imitation.Paul Guilfoyle
We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.
Thomas Jefferson
The thing that's changed the most has just been the rapid technology.
Jeffrey Katzenberg