We were dealing with a very cautious, very careful consumer who was not really inspired to buy anything because there wasn't anything worth buying.
More Quotes from Kurt Barnard:
They are streamlining operations, trying to make it more profitable, productive, ... The real question to my mind is how can they be a full line store without cosmeticsKurt Barnard
Tommy is in trouble, ... The casual wear market is already saturated and profits are slumping. Let's see what Dyer can do.
Kurt Barnard
The potential for Web sales is tremendous and it carries the potential of completely altering and upsetting over the next few years all channels of retail selling.
Kurt Barnard
If you stash money away in a savings account, then there's less available to buy things in a store, from candy to cars, ... This is not quite the conventional retrenchment we've known from past recessions, but it may represent a kind of wishy-washy stagnation.
Kurt Barnard
I think that they reached the point where something had to happen to Burlington Coat. (CEO) Monroe Milstein was not active for quite sometime, and I think it was mostly his sons running the company. I think his sons were running out of ideas. They weren't expanding and they felt it would be too much of an effort to make the company shape up and be competitive.
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
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