What we are seeing is that consumers' cautious spending is now stretching to the low-priced discount stores as well as to the other stores. ... Today, saving money is chic. Bargain hunting is fashionable.
More Quotes from Kurt Barnard:
It's an extremely popular hobby.Kurt Barnard
We have had a series of rate increases since last year, and so far we have not felt any impact on retailing off all of these increases. However, eventually something will have to give. I would predict that, say towards the end of the year, the fourth quarter, the very all-important holiday fourth quarter, we are going to see that the rate increases will finally take a bite. And that could be a comfort to retailing.
Kurt Barnard
Watch out for this company. It's telling us something. While most retailers sold indistinguishable products, Sharper Image sells exciting and unique things that people want to buy.
Kurt Barnard
What the Gap is doing is not only what it must be doing, but what it should have done a long time ago.
Kurt Barnard
It is a good time if you're willing to accept slow growth and slow improvement. We do not anticipate at this time that the foreseeable future will bring a real strong massive upturn in consumer spending.
Kurt Barnard
The fourth quarter is going to reflect the intensely promotional nature of the holiday shopping season, make no mistake.
Kurt Barnard
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