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.
More Quotes from Kurt Barnard:
It was disappointing. A lot of stores told us that when they opened at 7 or 8 in the morning with special deals good for two hours, crowds were beginning to mass. But at the stroke of 9, when those sales were supposed to end, the crowds disappeared like a snowflake in the palm of your hand.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
The first half is going to be a very, very difficult one, and at this moment it's going to be impossible to say how the second half is going to be, ... The second half is likely to be better than the first, but remember, most retailers are coming off a very weak Christmas and that puts tremendous pressure on gross margins.
Kurt Barnard
Investors may appreciate the chance to look outside the tech sector. We think that retailers who are able to cater to the home will do very well, ... Since the middle of 1998, we have seen a switch. Suddenly people spend proportionately more money on things for the home - on home enhancement, we call it - than they do on apparel.
Kurt Barnard
It's not a core business, but (gardening) is a very profitable part of the business.
Kurt Barnard
Halloween has become in recent times a little more of a retail-type holiday than you've seen it in decades past. It's becoming a little more important not just for sales of scary masks, but there generally is more traffic into the stores. It's sort of the beginning of fall, something like the precursor for what's to come.
Kurt Barnard
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Based on Topics: Money & Wealth Quotes, Product QuotesBased on Keywords: amass, upscale
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