Lowe's first quarter was not as bad as it could have been, ... One piece of encouraging news is that April was strong, inventories look OK, and the outlook is maintained.
More Quotes from Michael Baker:
This is the first beat in a number of quarters, so should be viewed positively.Michael Baker
They have been ahead of the curve. Ron Williams has been a big part of that.
Michael Baker
Okay, turning your prospects' cell phones into ringing spam machines is probably not your idea of cultivating goodwill. And it's not likely to happen. Unlike e-mail, mobile phones aren't readily accessible to marketers -- mobile phone privacy is zealously guarded by big carriers like Verizon and Nextel, as well as by law. There's an opening, however, and smart advertisers are preparing to drive a truck through it. Provided a consumer clearly opts in -- say, by dialing or text-messaging a certain number -- carriers are slowly becoming more or less amenable to letting marketers return a text message, or even an audio or video file, to that consumer's phone. Mobile phone ads are already big in some parts of Europe and Asia, and it's just starting to take hold here. McDonald's and Dunkin' Donuts are among the companies that have beamed coupons to U. S. cell phones, eliciting coupon-redemption rates as high as 17. Mobile-phone marketing today is where Internet advertising was in 1996 -- it's about to take off, ... There are already more mobile phones in use worldwide than televisions and computers put together.
Michael Baker
We believe that lower-income customers tend to shop late, so we wouldn't be surprised to see a pick-up, and ultimately see a December comp in the middle of the range.
Michael Baker
The short-term impact is pretty clear and pretty obvious, and it's to be expected. Traffic really dropped off. The main effect of Sept. 11 was to exacerbate a trend that was already in place, and that is that consumers were really buying consumables and buying them in discount outlets. How quickly that will turn around Your guess is as good as mine.
Michael Baker
I'm hardworking, I'll work for the interest of the district. I will stand up for what I think is right.
Michael Baker
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