With Wal-Mart it's still a wait-and watch situation, but Target's news is a little worse, ... The problem with Target is that its department stores are underperforming.
More Quotes from Kurt Barnard:
Consumers have been and continue to be on a spending spree and that has benefited most retailers, ... The universe has been very retail friendly.Kurt Barnard
All I can tell you is that we've had some information that April retail sales were somewhat disappointing for some chains,
Kurt Barnard
The fourth quarter is going to reflect the intensely promotional nature of the holiday shopping season, make no mistake.
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
Consumer spending is heavily devoted to hard goods. That implies for the most part that home-oriented things have been doing well for some time, ... Home sales have been skyrocketing. Every time a home changes hands, tens of thousands of dollars are spent on decorating, furnishings, adding new kitchens and bathrooms.
Kurt Barnard
The worst part of these results is that they show that the effect of the tax rebate checks has petered out. This is a nightmare in itself for retailers and it doesn't bode well for Christmas. Also, we'll probably see more markdowns now, more than retailers anticipated for the holidays. That will hurt their bottom line.
Kurt Barnard
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Far too often we see attention paid to the firearm and not the criminal.
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