It's going to be a one-time pop, and it's not going to be much of a pop, either.
More Quotes from 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
The name Burlington Coat Factory is a misnomer because they carry a full line of fashion apparel, including coats in the winter. It's basically an off-price operation. You get good value there, very good value.
Kurt Barnard
Everything will depend on whether they can get an extension of their credit and possibly additional credit to tide them over. If they don't get the credit, Chapter 11 (bankruptcy) is probably the only way out.
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
Amazon's prospects, in my view, are at best limited. They may do some wonderful things, but the market isn't there. It's like a jockey beating a horse with three legs,
Kurt Barnard
If demand should continue to plummet, a lot of retailers will find themselves with too much inventory on hand despite their course of caution. A lot of retailers are cutting back on inventories, canceling orders, in virtually every single area of retail.
Kurt Barnard
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