One word - dismal. There's nothing else to be said but absolutely dismal.
More Quotes from Kurt Barnard:
The fashions did not appeal. They were not sufficiently exciting to sweep consumers into the stores, ... translates into a lack of confidence that there will be strong consumer demand in the second half.Kurt Barnard
It's going to continue on this level for some time. Maybe if the weather really improves, we'll find a little pop to retail sales, but even if it does improve, there will still be the contraction in the economy.
Kurt Barnard
Investors may appreciate the chance to look outside the tech sector. We think that retailers who are able to cater to the home will do very well, ... Since the middle of 1998, we have seen a switch. Suddenly people spend proportionately more money on things for the home - on home enhancement, we call it - than they do on apparel.
Kurt Barnard
The bigger it gets, the smaller the percentage growth will be. Let's say that when you add 10 new stores to 100 stores, you grow the business 10 percent. When you add 10 stores to 3,000 stores, the growth isn't obvious.
Kurt Barnard
What's happening is very simple. The numbers we saw today are clear evidence that the American public is shell-shocked to the point of being frightened over a big long list of circumstances surrounding the economy over which they have no power, no control.
Kurt Barnard
What the Gap is doing is not only what it must be doing, but what it should have done a long time ago.
Kurt Barnard
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