Kurt Barnard
Kurt Barnard
abundant believe boost consumer earnings favorable quite result retail retailers terms
We believe the earnings will be quite good, and that the result will give a boost to retail stocks. Everything has been favorable for retailers in terms of abundant consumer spending.
comparable difficult discount driven june month retailers sales
June was a difficult month for retailers and it's also typically a month during which comparable sales are driven by discount sales.
buying consumers july remember saying shop strong till
July was surprisingly strong -- consumers are on a buying spree, ... Remember the old saying 'Shop till they drop'? Now it has become 'Shop till they shop some more.'
call discount july unless
July was a washout, a bust, whichever way you want to call it, unless you were a discount retailer,
july maybe numbers sales
July sales numbers are not going to be very good, maybe a tad better than they would have been without the checks,
achieved deep gross heavy help pressure reflected relatively retail sales
Most retail sales were relatively decent, but were achieved with the help of deep markdowns which will show up as heavy pressure on gross margins, and that is going to be reflected in the earnings,
experience few introduced shopping store
Kohl's did a few things that made the shopping experience easier, ... They introduced shopping carts, centralized checkout counters and an easy-to-shop store layout.
few last ranks retail saw top weekend
Last weekend we saw a massacre. There were a few shakeups in the top ranks of some retail names, and that's to be expected.
few last ranks retail saw top weekend
Last weekend we saw a massacre, ... There were a few shakeups in the top ranks of some retail names, and that's to be expected.
background beginning experience good immense job length mistakes possible qualify quite retailing taking tenure
I think Conaway is a good retailing executive, but he made too many mistakes at the very beginning of his tenure at Kmart. It is quite possible that his background and length of experience did not sufficiently qualify him for the immense job he was taking on.
against easier exuberant far favorable high level retailers slide suffering year
What we are suffering from is the slide from the exuberant high we had a year ago at a level that was completely unsustainable, ... I will also tell you retailers are going to be up against far more favorable numbers, easier numbers.
beginning bought gas money realize
Today, (consumers) are beginning to realize they have to do some buying, but there isn't that much money yet after gas and what they've already bought at Wal-Mart.
air consumers malls
While consumers did go to malls in July, they did so to be in air conditioning but didn't make many purchases.
higher percent projection
The 5.7 percent projection is not too much out of line, but it is at the higher end of projections,