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.
More Quotes from Kurt Barnard:
The bigger it gets, the smaller the percentage growth will be. Let's say that when you add 10 new stores to 100 stores, you grow the business 10 percent. When you add 10 stores to 3,000 stores, the growth isn't obvious.Kurt Barnard
The numbers today are nothing other than big generators of yawns.
Kurt Barnard
However, retailers shouldn't break out the champagne yet, ... The rebates will have a very modest effect on spending. With a 6.4 percent unemployment rate, there are millions of people in the country with no income except for unemployment and welfare benefits. Millions more are on long-term unemployment, those that simply have stopped looking for work.
Kurt Barnard
A terrible problem for retailers is that most stores are evoking yawns from consumers, instead of excitement. Retailers just can't keep making the mistake of taking customers for granted by selling ho-hum kind of merchandise. Consumers are looking for unusual and exciting products and they're not finding them.
Kurt Barnard
The entire athletic footwear business is not doing well, ... Sneakers, the lifeblood of the business, have peaked and are on a downhill slide.
Kurt Barnard
Bigger is better. Bigger offers more opportunities for increasing sales volume and increasing the customer base. It would give them an opportunity to improve their comparable sales performance.
Kurt Barnard
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