The only way to grow in the retail business is to add yet another 100 stores, another 600 stores. Then someone else will see that you are successful. And that other fellow will do the same. And for a while it is fine, until suddenly there are more stores than the community needs.
More Quotes from Kurt Barnard:
There's no question it's been very anemic. Now the big question is, will the bargain hunt continue into the next 16 to 17 days before Christmas, or will consumers just simply go shopping.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
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
There is spotty evidence that in some stores inventories are running low, but considering that the action that's in the stores is not particularly hot these days, that (low inventories) may not be the worst possible fate. In many cases a lot of stores reduced the orders they placed, and in some cases, canceled orders, which is exactly what's happening.
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
Barnard said the weekend's mall and store traffic wasn't enough to change his forecast for same-store sales growth of 3.5 percent. We found out, from talking to consumers and store operators all over the country, that low-dollar items went very fast, ... Forget about high-end items.
Kurt Barnard
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