With gas prices the way they are and with people suddenly being burdened with monthly car payments, they are looking for bargains. People are taking their money from Bloomingdale's to Penney, Kohl's (NYSE KSS - news ) and Target (NYSE TGT - news ).
More Quotes from Kurt Barnard:
There's no question that Kmart is in deep trouble, and how that trouble is going to resolve itself remains to be seen,Kurt Barnard
There is spotty evidence that in some stores inventories are running low, but considering that the action that's in the stores is not particularly hot these days, that (low inventories) may not be the worst possible fate. In many cases a lot of stores reduced the orders they placed, and in some cases, canceled orders, which is exactly what's happening.
Kurt Barnard
One word - dismal. There's nothing else to be said but absolutely dismal.
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
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
People are buying things they believe are essentially investments. They are buying homes and cars instead of buying jeans, shoes and toasters.
Kurt Barnard
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Based on Topics: People QuotesBased on Keywords: bloomingdales, kohls, penney
I knew that I had a following here in England, and if I came over here maybe I could cultivate it, but I never dreamt it would be as great as it has been.
Edwin Starr
Remember always that you not only have the right to be an individual, you have an obligation to be one.
Eleanor Roosevelt
In mathematics we have long since drawn the rein, and given over a hopeless race.
Charles Babbage