Kurt Barnard
Kurt Barnard
beyond catching effects factor finally gasoline higher likely next prices retailers softness three weather
The weather was a factor and the effects of higher gasoline prices are finally catching up with retailers at the registers. Beyond that, I think we're likely to see softness for the next two to three months.
came certainly deal estate looking maybe total
This certainly came as a total surprise, but maybe it shouldn't have. I think we're looking at a real estate deal here.
effect events foolhardy housing number pensions point send spine ways
Oil, jobs, housing prices, unfunded pensions and geopolitical events that could go any number of ways will have an effect in 2006. At this point it's foolhardy to forecast. Any one of those things could send shivers up the spine of consumers.
demand dollars great home occupied sales simply spent thousands time
Demand is great simply because home sales have been going through the roof, and every time a home is occupied for the first time, usually tens of thousands of dollars are spent on furnishing it and refurbishing it,
bloody competing experience hopefully price
Competing on price with Wal-Mart doesn't work. Hopefully they will never do it again. It was a bloody experience for them.
basically carry coat coats factory fashion full good including line name value
The name Burlington Coat Factory is a misnomer because they carry a full line of fashion apparel, including coats in the winter. It's basically an off-price operation. You get good value there, very good value.
bad context viewed within worse year
This is actually a little worse than I expected, and particularly bad when viewed within the context of a year ago, which was already very weak.
becoming far kids
This has become far more important today. Kids are becoming more independent.
consumer disruption otherwise serious spending
This has become a very serious disruption in what could otherwise be a much better consumer spending climate,
brutal guess hope
They (retailers) don't know. All they can do is hope and guess more than anything else. It's a brutal, brutal problem,
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.
available bricks carry click dominant elsewhere factor future highly internet kinds lies operations pure simply
I think the future lies in two different kinds of Internet players. The one is the bricks and clicks, and that will be the dominant factor in the business, ... The other one will be highly specialized pure play click operations that carry things, do things that are simply not available elsewhere through other channels.
actual apparently himself major role running time
Lampert signaled a long time ago that he wanted a major role for himself in the actual running of the company. That's apparently what he's doing now.
below decent high large last retail sales
I think by and large retail sales will be decent for most retailers, but not spectacular, ... Most will come in with same-store sales very much below the formidably high same-store sales of last year.