The fourth quarter is going to reflect the intensely promotional nature of the holiday shopping season, make no mistake.
More Quotes from Kurt Barnard:
Most retail sales were relatively decent, but were achieved with the help of deep markdowns which will show up as heavy pressure on gross margins, and that is going to be reflected in the earnings,Kurt Barnard
The sales clear evidence of modest consumer spending slow down. We expect a decent holiday sales season, but an unspectacular one. The last three have been spectacular, particularly the last one.
Kurt Barnard
I think that they reached the point where something had to happen to Burlington Coat. (CEO) Monroe Milstein was not active for quite sometime, and I think it was mostly his sons running the company. I think his sons were running out of ideas. They weren't expanding and they felt it would be too much of an effort to make the company shape up and be competitive.
Kurt Barnard
Wal-Mart's news is a very big deal, ... There's no doubt that a significant number of consumers are shopping paycheck to paycheck. Most are also waiting for price reductions. So saying that the consumer is still cautious is a good indicator that the holid
Kurt Barnard
The name Burlington Coat Factory is a misnomer because they carry a full line of fashion apparel, including coats in the winter. It's basically an off-price operation. You get good value there, very good value.
Kurt Barnard
To go head-to-head with a 10,000-pound gorilla is nonsense. It's like Switzerland declaring war on the United States. That, of course, doesn't work, ... Wal-Mart ate Kmart's lunch.
Kurt Barnard
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