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.
More Quotes from Kurt Barnard:
There's a general sense of weakness and caution and I'll tell you, the headlines in the newspapers these days do not help. We're seeing more layoffs and consumers are beginning to feel there's a cold winter breeze suddenly blowing their way.Kurt Barnard
While Saks is trying to make itself even more exclusive and pricing its goods even higher, the Neiman Marcus stores are going in the other direction and trying to attract a larger group of consumers. Today's development shows that competition in the luxury space is being ratcheted up a notch.
Kurt Barnard
Everything will depend on whether they can get an extension of their credit and possibly additional credit to tide them over. If they don't get the credit, Chapter 11 (bankruptcy) is probably the only way out.
Kurt Barnard
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.
Kurt Barnard
Based on what we've heard and seen so far, the fashion apparel stores and department stores are going to be hit with lower profits.
Kurt Barnard
It seems to be that a lot of these large chains are gravitating toward the advantages inherent in joint buying and obtaining lower prices and saving a lot of money in the process, ... ... It is very likely to be a powerful weapon in the retailer's arsenal to reduce the cost of buying and operating. And given the world of the Internet, which makes possible these alliances, it has to be recognized that consumers will find it so much easier these days to compare prices because all they have to do is click away.
Kurt Barnard
Readers Who Like This Quotation Also Like:
Based on Topics: Weather QuotesThe American boy starts swinging the bat about as soon as he can lift one.
Tris Speaker
Agents and producers have to get you into a box to accommodate their limited imaginations.
Imelda Staunton
It wasn't just about flashing lights and pinball machines blowing up and things like that. It was about using encores, bringing back the good songs and using techniques that I knew about from rock performance.
Pete Townshend