Basically, if you promoted heavily during the Thanksgiving weekend, you did well. If you're willing to be aggressive on price and promotion, you can attract traffic into the stores.
More Quotes from Michael Exstein:
I think you have a satiated consumer, you've got a consumer that's facing an increasing debt load and I think there wasn't a lot interesting short of the scooters this Christmas season.Michael Exstein
The good news is in all honesty, everybody has brought down their expectations for the season.
Michael Exstein
An earlier Easter gives retailers the opportunity to push spring merchandise earlier. Retailers will have to wait more patiently this year until mid-April for its coveted Easter sales.
Michael Exstein
I think everybody is having had a difficult time. I think in general it's been a very tough apparel cycle, and I think particularly if you're depending on (designers) Tommy (Hilfiger) and Ralph (Lauren) and Liz (Claiborne), apparel has slowed down.
Michael Exstein
I think you can look at it as a preview of coming attractions. (CEO) Alan Lacy has made no secret of the fact that, with the exception of the appliance business, he does not consider the core mall business run well.
Michael Exstein
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