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.
More Quotes from 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
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
The weekly updates were a little tedious and not terribly relevant. They generally don't measure trends very well.
Todd Slater
April should recover nicely benefiting from more seasonal weather and pent-up demand.
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
While we think the new management team is focused on reinventing the company, the first quarter is off to a hazy start and prospects for the rest of 2003 look even fuzzier.
Todd Slater
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