The August figures this time are basically not very reliable for anything whatsoever. A lot of the Labor Day activity will come in September this year.
More Quotes from Kurt Barnard:
I think ultimately they will do better than they have done in some years, ... There's no question the much more attractive stores will pay off in terms of improvement, but will they be able to come through with big earnings The jury's still out.Kurt Barnard
All I can tell you is that we've had some information that April retail sales were somewhat disappointing for some chains,
Kurt Barnard
All apparel-based retailers got creamed. They lost much of their market share to discounters,
Kurt Barnard
The entire athletic footwear business is not doing well, ... Sneakers, the lifeblood of the business, have peaked and are on a downhill slide.
Kurt Barnard
They have all learned one lesson -- make yourself more efficient. Operate more economically, and do more with less.
Kurt Barnard
Their sales are terrible and their efforts to come up with newness that appeals to consumers and brings them back into the stores are failing. There's absolutely no indication that they have found a road back to health, and while they have very little debt, they do have too many stores. With that kind of a background, it's not difficult to envision a bankruptcy in the foreseeable future.
Kurt Barnard
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