Kurt Barnard
Kurt Barnard
again exposed hooked onto store
If you are hooked onto a kind of lipstick, or any other kind of cosmetic, you will go back to that store again and again. And once you do, you're exposed to all the other things that the store carries.
confidence consumer economic employment gathered seen speed
What we have seen is a continuation of an economic downturn accompanied by a downturn in consumer confidence and employment that started and gathered speed long before Sept. 11,
add business community fellow grow retail stores suddenly until
The only way to grow in the retail business is to add yet another 100 stores, another 600 stores. Then someone else will see that you are successful. And that other fellow will do the same. And for a while it is fine, until suddenly there are more stores than the community needs.
coming consumers facing gas home major oil price problem target
The problem with Target is a problem facing every retailer. The price of gas is coming down, but home heating oil is going to be a major problem, ... A lot of consumers are worried.
business companies comparable concept essential gradual operating past prime sales therefore whose
There are a lot of companies out there whose essential business operating concept is past its prime and therefore their comparable sales are on a gradual decline.
believe buying cars homes instead people shoes
People are buying things they believe are essentially investments. They are buying homes and cars instead of buying jeans, shoes and toasters.
background days economic home inclined instead people rely salary street themselves waiting wall
People are more inclined these days to make themselves rely on one salary instead of waiting for a Wall Street home run, and that is the background of the economic environment.
continuing
Penney is continuing a three- or four-year downfall,
buying debt deep people
People are not going to go on buying binges. People are deep in debt and deep in hock,
accept anticipate bring consumer future good growth massive slow strong time willing
It is a good time if you're willing to accept slow growth and slow improvement. We do not anticipate at this time that the foreseeable future will bring a real strong massive upturn in consumer spending.
coming consumers doors earth economic few good guess knocking meant months notion recession retailers rolling swept three
It is a coming back down to earth. About two or three months ago, the world was swept up by the notion that the economic recession is over and the good times are rolling again. That meant consumers would be knocking down the doors of retailers the way they did a few years ago. But guess what? It ain't happening.
forecast hopefully layoffs pace pickup sales until
I think the NRF forecast is hopefully optimistic. I don't see a pickup in sales until the pace of layoffs slows down.
forecast hopefully layoffs pace pickup sales until
I think the NRF forecast is hopefully optimistic, ... I don't see a pickup in sales until the pace of layoffs slows down.
bad easy name surprised
I think the name Firestone is a bad odor, period. I would not be surprised if this were going to be the end of a long, long, long, old established company. For them to recover, it's not going to be a very easy thing to do.