All the merchandise in Five Below is under 5, whether it's toys, sporting goods, novelty items or accessories, ... This is a retail concept that can potentially grow very, very fast.
More Quotes from Neil Stern:
This is a company that came from Rochester, N.Y., ... It's not like they came from New York City or some sophisticated place. A lot of their stores are in middle-of-the-road places. In the past five or six years, they've realized if they can get a combination of density -- a lot of people -- and income, that that's where they shine.Neil Stern
What they are finding so far internationally, is that when they have gone into a country and acquired or partnered with a successful established retailer they have done very well.
Neil Stern
Tommy Hilfiger came in and created 300 shops. Now every one of the department store anchors has a Tommy shop and a Liz shop, ... It gave vendors more control, and it also was a real estate grab. There was no real defined reason to go to Marshall Field's because it has X, X and X that Carson's doesn't have.
Neil Stern
I think their strategy is to be as ubiquitous as Walgreen's. They're a very good operator, a formidable rival to Walgreen's.
Neil Stern
Sears is a store that is designed for suburbia. They sell a lot of things like major appliances, barbecues and power tools that intrinsically go to people with bigger houses and garages and room to put this stuff.
Neil Stern
A national place to register and buy wedding gifts is a huge advantage.
Neil Stern
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