The entire athletic footwear business is not doing well, ... Sneakers, the lifeblood of the business, have peaked and are on a downhill slide.
More Quotes from Kurt Barnard:
It is a good time if you're willing to accept slow growth and slow improvement. We do not anticipate at this time that the foreseeable future will bring a real strong massive upturn in consumer spending.Kurt Barnard
The outlook is for a muted third quarter, and also fourth quarter. It's not getting any worse in our opinion. We believe that consumer spending has essentially bottomed out. That does not mean consumers are ready to go on a spending spree or a buying binge. Things are likely to remain at their current level.
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
What J.C. Penney needs to do is to make the stores they do have palatable, pleasant to shop, and all of this needs to be done with an eye toward recapturing the market they've lost,
Kurt Barnard
A cold spring does hurt business.
Kurt Barnard
The weather was a factor and the effects of higher gasoline prices are finally catching up with retailers at the registers. Beyond that, I think we're likely to see softness for the next two to three months.
Kurt Barnard
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Based on Topics: Business & Commerce QuotesBased on Keywords: footwear, lifeblood
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