Discounters have captured the world, ... They discounters all did very, very well, but it also underscores once again that it is chic to hunt for bargains and it is chic to save, and that is what the American public wants today, and probably wants forever.
Quotes about discounters (14 Quotes)
Best Buy traditionally has been the primary player here and taking share very aggressively from some of the other players in the space, but Circuit City looks to have held their own here this holiday season. The discounters have tried to get into the space. Wal-Mart's been very aggressive in moving in there.
It was a good performance, and for discounters it was very good. Unemployment is low and consumer confidence is high. Despite all the controversies and troubles in the world, the American consumer is still very strong.
I wouldn't read this at all as a shift in consumer trends. Discounters are benefiting from a weak economy and they have been taking market share from department stores.
All apparel-based retailers got creamed. They lost much of their market share to discounters,
The upper end of the economy has done very well and the stock market is at a 3-12 year high. This bodes well for the high-end merchants, ... Discounters would have had a hard time because their customers were impacted by higher gas prices and uncertainty about jobs.
Nobody wants to put the discounters or whatever you want to call them out of business,
You've got mass merchants who are expanding their toy space and using it to drive total store volume. These discounters are not worried about the margins they make on toys. How can you compete against that
The discounters, especially Wal-Mart, have realized it is to their advantage to be very aggressive in the fourth quarter. ...It makes life harder. The other issue, of course, is it's convenient. Since most Americans are already in Wal-Mart or Target on a regular basis, making a purchase of toys there is easier than getting back in the car and making a special trip to Toys 'R' Us, and Toys 'R' Us has had a problem with that. If you're going to be a specialty store, you've got to give people a reason to make the trip.
Retailers are being forced to turn into discounters at all levels, and that early transformation to a discounting posture is putting great pressure on profits, ... Retailers make a good percentage of their profitability in the last two months of the year. This year those earnings are going to be under real pressure. They'll be fighting to keep costs down.
Within the consumer grocery sector, European companies are shifting their gaze eastwards due to competitive pressures caused by an increase in private labeling and a rise in discounters. However, as with the retail sector, success in Eastern Europe will largely depend on the available logistics network, which is where 3PLs with the necessary infrastructure could play a significant role.
We believe our competitors have shown irrational exuberance with Christmas forecasts, ... We believe the average consumer is worried about higher gasoline prices, jobs and doesn't believe he will benefit from the stock market. With this climate, if you're just a 'me-too' retailer, you'll be in a world of hurt. The department stores will suffer but the discounters Wal-Mart and Target will do well.
Discounters and apparel are the heart and soul of this period simply because there are so many kids today that are going to school,
We continue to believe that all of the concern over the discounters' push into consumer electronics may be overblown,