It is time that Manhattan got itself its first really splendid discount store, so the sale opens the door to the arrival of Target, or maybe even Wal-Mart.
More Quotes from Kurt Barnard:
You know, Americans have jobs. Americans are earning money. They feel good about themselves. They feel secure in their ability to hold onto the job, and even if they lose the job they know they don't have to go too far to find another one, ... So they feel a sense of security, of freedom to go out and spend and buy and do things for themselves, and that is why we are absolutely convinced that consumer spending will remain strong certainly throughout the balance of this year, and ... maybe into next year.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
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
While it's true that Sears is stuck in a sales slump for a long time, the retailer has also been in a restructuring mode, ... By getting rid of the credit business, it can finally devote all its resources to its core business. I'm convinced Sears will deliver impressive results in the next six to 12 months.
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
It's charitable to use the word 'dismal,' ... It's a reflection both of the weather and the contraction of the economy, and it really seems to have hit everybody.
Kurt Barnard
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