Delos Smith
Delos Smith
besides companies cultural india interested political retailers ultimately understand western
Besides the political issues, retailers interested in India have to understand the cultural differences and sensitivities. Ultimately India's still a very complicated world for Western companies to understand.
cnn longer mood retail suspense
As long as suspense lingers, you will have a longer CNN effect. That's not what you want -- mood is very important for the retail world.
certainly consumer effect gas mean negative numbers prices retail sales seen weekly
We haven't yet seen the negative effect of gas prices on consumer spending. It's certainly not here in these numbers. That doesn't mean it's not there. Certainly the weekly retail sales numbers have been sluggish.
consumers kept retailers
I think consumers are more cautious, and I think the retailers have kept inventories well under control.
consumer drop five percent perhaps retailers season stimulus tax
The five percent drop is shocking. It indicates that perhaps the consumer tax rebate stimulus that benefited retailers during the back-to-school season has petered out.
creating hard nervous people relaxed
This is a very nervous country. How much it's going to dampen the economy, I don't know, but it's hard to see people relaxed and creating a boom.
drained market share
The consumer, I think, is healing. There's still a lot of market share out there. I don't think we've drained anything away.
corporate equity greed lack market people
Corporate scandals, equity market problems, a lack of transparency, a lot of greed -- it was not just the Dow falling, it was all of these things that make people very, very nervous.
coming grass kinds nice
I see robins and the grass coming up and all kinds of nice signs. But it has to be proven.
business fingers leaks
I've been in the business 40 years...almost 40 years. I can tell you the leaks in 40 years and I won't even use all the fingers on one hand.
ends key whether
The whole key is whether or not (a war) ends quickly.
gasoline higher impact prices
This is not a very pretty picture. The higher gasoline prices had more of an impact that most had expected.
buy consumer consumers current everybody involved people pleasure
You want the consumer buoyant. Most consumers are not current-events oriented. When you get everybody involved in current events, when they usually are not, then people are not going to go out and buy things just for pleasure of it.
bad recession time
Probably Asia's diminishing a little bit. But I don't think that this suggests any kind of bad time or recession coming.