The bottom line at Gap is that despite egregious merchandising, the power of the brand enabled it to clear product at more favorable margin rates than expected.
More Quotes from Todd Slater:
For consumers, it's a good time. Procrastinators will be rewarded.Todd Slater
I think it will be successful initially because it's new and different. But long-term, I don't think the business has a great chance of succeeding in its current incarnation -- not from a design point of view but from a merchandising point of view. I don't know that the merchandise outperformed the competition.
Todd Slater
Target recently generated its highest comparable sales in 20 quarters, up 6.6 percent in the first quarter. However, this could represent a high-water mark as sales seem to be slowing and comparisons become much more difficult in the back-half of the year.
Todd Slater
Clearly the economy is not helping. Consumers are relatively strapped, and they're focusing more of their time and attention on the big discount days, like black Friday (the day after Thanksgiving) and today.
Todd Slater
The company is spending like it's 1999. While the consumer is in a state of partial paralysis, this may not be the best time to put the expense pedal to the metal.
Todd Slater
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Based on Topics: Power QuotesBased on Keywords: egregious
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