The worst thing is to carry inventory over. Unless it's wine, it doesn't get better with age. It's basically better to sell it for 10 cents on a dollar than keep it.
More Quotes from Richard Baum:
Ever since Tiananmen, of course, the U.S. has used human rights both as a barometer and as a weapon against China,Richard Baum
Gap is experiencing weakness across all its brands, with its merchandise problems exacerbated by its aggressive square footage growth,
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If they're not hitting the week's plan, they have to do something.
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Zhao Ziyang, on the other hand, was very much at the centre of that particular storm, and thus will be harder to rehabilitate.
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Companies (retailers) are being very cautious about their guidance for the second quarter, so we're not completely taking it to heart that these (strong sales) results will carry through,
Richard Baum
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