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.
More Quotes from Kurt Barnard:
You just can't compare the impact of a large number of sales of flashlights, which may cost 2 to 4, with lost sales, for example, of hundreds of pairs of shoes, each costing 50 to 200,Kurt Barnard
There are two conflicting forces at work on the consumer. One is people have jobs, they have money, the unemployment rate is still at a 30-year low of 3.9 percent, a lot of economic circumstances are very, very favorable. A lot of economic circumstances are very, very favorable, people have money and jobs, but they don't have as high a discretionary spending level as they did a year ago.
Kurt Barnard
This loss will be easily made up, ... If I want to buy some jewelry for my wife, do you think I'm going to let one snow storm stop me No, I won't. Consumers will get their shopping done this week and in the days leading up to Christmas.
Kurt Barnard
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.
Kurt Barnard
On the one hand he's extremely capable, a very strong manager, administrator and visionary. On the other hand he seems a bit remote from the field, ... He must absolutely acquire the sense of dealing directly with Mr. and Mrs. Consumer. Can he deal with someone who places an order for 10 rather than 10,000 or 10 million
Kurt Barnard
It is time that Manhattan got itself its first really splendid discount store, so the sale opens the door to the arrival of Target, or maybe even Wal-Mart.
Kurt Barnard
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