Our recent visits to some stores indicate better controls over displays, clutter, and shelf appearance, necessary steps to stabilize store aesthetics in support of their apparel initiatives.
More Quotes from Richard Hastings:
We had a strong back-to-school season and discretionary spending on low-priced items has trended higher. These are good indications for Halloween, which typically sets the tone for the rest of the holiday shopping season.Richard Hastings
This holiday season Wal-Mart hasn't been able to differentiate itself from the competition or really take advantage of the early wave of promotional activity.
Richard Hastings
Being a public company ain't fun. Retailers are fleeing for the private universe, because they speak a different language than Wall Street analysts. There's a dynamic volatility that retailers are comfortable with, and that really tests their patience when they deal with the urge toward smoothness and predictability that analysts want. There are a lot more people in private investment banking who understand your language.
Richard Hastings
The additional cash on the balance sheet from the asset sales will put Kmart in a position to further reduce debt and possibly buyback more shares in a move that could boost share prices further, ... At the same time, the big cash position will enable management to look at an attractive range of choices, including the possibility at some point in the future of a major acquisition.
Richard Hastings
For a company doing about 1920 billion in sales, this is not a big float.
Richard Hastings
Their third-quarter profit was supported by a really solid quarter at Sam's Club. This shows again why Sam's matters so much to Wal-Mart's consolidated profitability, ... Smoother performance at Sam's has been a big plus recently, and it has to hold up in order to offset the rising influence of supermarket margins from the other division.
Richard Hastings
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