Lampert signaled a long time ago that he wanted a major role for himself in the actual running of the company. That's apparently what he's doing now.
More Quotes from Kurt Barnard:
Upscale stores have done very well because their customers have been fortunate to amass a bit of wealth, so they're not worried about their jobs. But people who live paycheck to paycheck have to be careful, and they look at the price tag before looking at the product.Kurt Barnard
With gas prices the way they are and with people suddenly being burdened with monthly car payments, they are looking for bargains. People are taking their money from Bloomingdale's to Penney, Kohl's (NYSE KSS - news ) and Target (NYSE TGT - news ).
Kurt Barnard
The only way to grow in the retail business is to add yet another 100 stores, another 600 stores. Then someone else will see that you are successful. And that other fellow will do the same. And for a while it is fine, until suddenly there are more stores than the community needs.
Kurt Barnard
A Valentine's Day gift requires a lot of thought.
Kurt Barnard
This is not the time for runaway enthusiasm. The first half was very good for retailers but consumers are going to be very wary in the second-half, ... if we're lucky.
Kurt Barnard
Target has ignored Wal-Mart's changeover, and it has suffered because of it. Target will have a decent season, but they won't make the winner's circle.
Kurt Barnard
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