I think they made a lot of fashion changes, but there's been a general malaise in women's fashion apparel. What's somewhat concerning here is that Nordstrom has transitioned totally to fall merchandise. The question is, is the earlier fashion not on target, or is the consumer really concerned about the rising gas prices.
More Quotes from Steve Kernkraut:
Thanksgiving weekend was strong and that lifted a lot of the retailers' results. I think they have momentum going into the holiday season.Steve Kernkraut
The early November period was rather sluggish but the good news is that the Thanksgiving weekend was superb and that really set the momentum for the holiday season.
Steve Kernkraut
Any business they do on the Internet is going to be very profitable for them. They have the infrastructure. They don't have to create it. And additionally, the profit margins on their bras and underwear and lingerie are spectacular, while the other e-commerce companies have very narrow margins.
Steve Kernkraut
I really want to hear him say how he's going to energize Sears. I want to hear what he's going to do differently. I want to hear him say how aggressively he's going to grow Great Indoors and how he's going to get women to come into the store.
Steve Kernkraut
It's going to shape up to be a real messy Christmas season. It's very hard to read. Some companies had a very strong Thanksgiving weekend, others weak.
Steve Kernkraut
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