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.
More Quotes from Neil Stern:
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.Neil Stern
Albertson's owns the ground under about 60 percent of their stores, including a fair amount in California. With Northern California real estate so difficult to come by, that has its own value.
Neil Stern
If anybody can pull this off, it's Federated and it's Terry Lundgren and his leadership team.
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
It's almost a throwback concept. They're very clean stores. They're wholesome very much focused on comfort food. They have very much a family orientation a good mix of families and young kids.
Neil Stern
Financially, it's not a bad quarter. The concern from a retail perspective is that top-line sales number. It's not where you want to be as an ongoing, viable retailer. ... Long-term, you don't want to be losing customers.
Neil Stern
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