George Whalin
George Whalin
issue less money saving
This convenience issue is enormous, and it has less to do with saving money than with saving time.
china companies hearing mistakes observe plan simply waiting
It's not a coincidence that we're hearing China come up so much lately. Many companies were simply waiting to observe Wal-Mart's mistakes first and then plan their entry.
china companies hearing mistakes observe plan simply waiting
It's not a coincidence that we're hearing China come up so much lately, ... Many companies were simply waiting to observe Wal-Mart's mistakes first and then plan their entry.
die locations people reason spend turned visible
They've got locations that Wal-Mart would die for. They're in visible locations in communities where people spend money. There's no reason this thing can't be turned around.
affluent business cities driving general major retail san stores york
The retail business in general is strong, and Federated is doing well, considering it has stores in major cities such as New York and San Francisco, where the affluent shopper is driving a lot of sales.
challenges convert easy loyal stores
They have significant challenges ahead. May stores had a lot of loyal customers, and it won't be easy to convert them.
moves
This was life-and-death for them, ... They had to make some moves to make this thing profitable.
apparel heart kids period simply soul today
Discounters and apparel are the heart and soul of this period simply because there are so many kids today that are going to school,
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.
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.
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.
adapt innovation market precedes wants willing
Technological innovation always precedes demand. It's not necessarily what the market wants or is willing to adapt to,
buddy capture channel companies concept future good operating shopping ways
The shopping buddy is an interesting concept but it's essentially an experiment. The future of traditional supermarkets isn't that good right now and companies operating in the channel have to find ways to capture the consumer's attention.