George Whalin
George Whalin
business businesses car card credit forget highly selling simply tried turned volatile
It's a highly volatile business and simply not Wal-Mart's specialty, ... Let's not forget that Sears tried getting into a lot of other businesses -- it was selling insurance, it had a car rental service, a credit card business. It turned out to be a disaster.
rid soon
They need to be rid of (Rampage) as soon as possible.
business catalog driving factors internet
There's business to be had. The driving factors are the catalog and Internet guys.
confidence gasoline jobs overall prices stable
There was overall confidence in the consumer's mind, with jobs stable and gasoline prices going down.
close doubt
There isn't going to be any doubt that they're going to close some stores. It may be substantial.
business consumer industry seeing
The whole consumer electronics industry is seeing a flattening of their business this summer.
customers economy gas hard higher market prices stock time year
The upper end of the economy has done very well and the stock market is at a 3-1/2 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.
issue less money saving
This convenience issue is enormous, and it has less to do with saving money than with saving time.
across afford citizen corporate efforts good importance inform marketing people point public target
No retailer can afford to underestimate the importance of good marketing and public relations. Target also comes across as a better corporate citizen than Wal-Mart because it makes it a point to inform people about its efforts to give back to communities.
banner consumers enormous factor holiday internet online retail sales using weather year
This is a banner year for online retail sales. The weather was an enormous factor for the big holiday sales numbers. The other factor is that consumers are much more comfortable using the Internet and they're appreciating the convenience of it.
begun business extension natural record seem selection tougher track
I think the women's business is much tougher than anything else they have been in. It doesn't seem like a natural extension to me. They have begun to get a better selection of merchandise and the business is getting better, but they don't have a real track record here yet.
aggressive attractive coming retailers
Retailers have to be aggressive in the coming weeks. Those with attractive discounts will do well.
benefits customer driven great objective putting reduce retailers saying service spin
Retailers are putting a great spin on this, saying that the customer benefits in the end. However, the self-checkout is not driven by customer service but by the retailer's objective to reduce costs.
attracting good mall problem stores
If the mall has other good stores in it, they shouldn't have any problem attracting other retailers.