They are taking big bites of market share out of the sneakers. The sneaker business is a mature business that represents primarily a replacement mode. People mainly buy sneakers when the old ones wear out.
More Quotes from Kurt Barnard:
Amazon's prospects, in my view, are at best limited. They may do some wonderful things, but the market isn't there. It's like a jockey beating a horse with three legs,Kurt Barnard
This is really the surprise of the year. We should have really anticipated it because suddenly the weather turned very cold.
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
The demand for the 'luxury look' is back. Americans want to be fashionable and elegantly dressed but that doesn't mean they want to go broke in the process, ... Consumers know that they can get that well-dressed look for an affordable price, and that's why the specialty apparel chains like Gap ( GPS Research , Estimates ) and Ann Taylor ( ANN Research , Estimates ) are performing well.
Kurt Barnard
Upscale stores have done very well because their customers have been fortunate to amass a bit of wealth, so they're not worried about their jobs. But people who live paycheck to paycheck have to be careful, and they look at the price tag before looking at the product.
Kurt Barnard
Unless it turns out that this is another terrorist attack, I don't believe it's going to have as much of an impact on consumer spending as we saw in the month of October, when it had declined sharply. If this does turn out to be a terrorist attack, all bets are off.
Kurt Barnard
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Based on Topics: Business & Commerce Quotes, People QuotesBased on Keywords: sneaker
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The more accountable I can make you, the easier it is for you to show you're a great performer.
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The Bible is one of the most genocidal books in history.
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