This remains one of the most interesting major retailing case studies in the past 20 years.
More Quotes from 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
As long as people can find the right merchandise, have a job and borrow a little bit, they are going to go shopping. Overall, the holiday season was good. Retailers who had it all nailed down were the winners.
Richard Hastings
If trade relations between the United States and China begin to deteriorate, and the dollar declines in a disorderly manner, then a minor thing such as raw cotton prices could become very important,
Richard Hastings
Will the anticipation of more expensive bills hurt holiday sales I don't think so. I think consumer spending will see more of a marginal change rather than a substantial change, primarily at the lower-income level.
Richard Hastings
All that a week ago was neatly put out there. Today Mother Nature took all of it.
Richard Hastings
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