It seems to be that a lot of these large chains are gravitating toward the advantages inherent in joint buying and obtaining lower prices and saving a lot of money in the process, ... ... It is very likely to be a powerful weapon in the retailer's arsenal to reduce the cost of buying and operating. And given the world of the Internet, which makes possible these alliances, it has to be recognized that consumers will find it so much easier these days to compare prices because all they have to do is click away.
More Quotes from Kurt Barnard:
The fourth quarter is going to reflect the intensely promotional nature of the holiday shopping season, make no mistake.Kurt Barnard
What Sept. 11 has done to the economy is to accelerate, hasten and deepen the decline, but the decline existed before. The attack gave it the extra push in terms of retail sales. If you don't have a paycheck coming in, it doesn't matter how much cost of gasoline has gone down.
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Americans are being bombarded with announcements of layoffs. Anytime you listen to the radio it's always 3,000 laid off here, 500 there, ... That means a lot of people who have decent jobs and good income hear that little voice in the back of their head asking the question 'could my number be up next' They're buying what they need, but they don't buy frivolously.
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Consumers have turned cautious. They have stopped buying things frivolously. Consumers do spend money today, but they will buy only what they need, will insist on good quality and fashion. But they will buy cautiously, and not buy extravagantly.
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Watch out for this company. It's telling us something. While most retailers sold indistinguishable products, Sharper Image sells exciting and unique things that people want to buy.
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What the Gap is doing is not only what it must be doing, but what it should have done a long time ago.
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