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.
More Quotes from Kurt Barnard:
There are a lot of companies out there whose essential business operating concept is past its prime and therefore their comparable sales are on a gradual decline.Kurt Barnard
Until the unemployment picture improves, consumers will be very cautious about their spending habits. We think the second half of the year could also be difficult for the retail industry unless the job demand improves.
Kurt Barnard
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.
Kurt Barnard
As consumers become more comfortable with buying from the computer, ... and this new generation that has grown up with the computer comes of age, what we will see is huge dollar amounts of retail sales being transacted on the Web and we will see a lot of stores become increasingly Web stores.
Kurt Barnard
It wasn't surprising really. The August same-store numbers really confirm the trend of slowing retail sales and consumer spending, ... August was the back-to-school that wasn't. August and back-to-school doesn't quite have the importance it did a decade ago, but outside of that make no mistake, consumer spending has slowed down and Americans are tapped out.
Kurt Barnard
A cold spring does hurt business.
Kurt Barnard
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