Kurt Barnard
Kurt Barnard
activity early full last levels lower retailers selling store surprised traffic year
Early indications show that store traffic and the promotional activity is at lower levels than last year at this time. I wouldn't be surprised if many retailers try to get away with selling merchandise at full price.
act again came department finally flying hopes retailers specialty stores together
I still say don't get your hopes up for the holidays. Yes, the specialty retailers did exceedingly well. Yes, the department stores look like they finally are getting their act together and yes, the discounters again came through with flying colors.
act again came department finally flying hopes retailers specialty stores together
I still say don't get your hopes up for the holidays, ... Yes, the specialty retailers did exceedingly well. Yes, the department stores look like they finally are getting their act together and yes, the discounters again came through with flying colors.
action cases evidence exactly hot orders possible reduced running stores worst
There is spotty evidence that in some stores inventories are running low, but considering that the action that's in the stores is not particularly hot these days, that (low inventories) may not be the worst possible fate. In many cases a lot of stores reduced the orders they placed, and in some cases, canceled orders, which is exactly what's happening.
activity apparel chains chin couple department groups guiding higher january lower names retailers sales store took weak
It was really the department store chains and the apparel retailers that took it on the chin with weak January sales results. But a couple of names in those two groups are guiding higher than expected, predicated on expectations of lower promotional activity going into spring.
activity august basically figures labor reliable september time
The August figures this time are basically not very reliable for anything whatsoever. A lot of the Labor Day activity will come in September this year.
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.
active company effort expanding felt happen monroe mostly point quite reached running shape sons
I think that they reached the point where something had to happen to Burlington Coat. (CEO) Monroe Milstein was not active for quite sometime, and I think it was mostly his sons running the company. I think his sons were running out of ideas. They weren't expanding and they felt it would be too much of an effort to make the company shape up and be competitive.
act clearly demand left magnitude mark particular product store suddenly tells
The magnitude of the demand tells the retailer how to act and what to do. If a product is hot, clearly there's not going to be a markdown. But if demand suddenly slackens and there's still a lot of merchandise left in the store on that particular day, they will mark it down.
act clearly demand left magnitude mark particular product store suddenly tells
The magnitude of the demand tells the retailer how to act and what to do, ... If a product is hot, clearly there's not going to be a markdown. But if demand suddenly slackens and there's still a lot of merchandise left in the store on that particular day, they will mark it down.
gap time
What the Gap is doing is not only what it must be doing, but what it should have done a long time ago.
clear economy evidence frightened happening list numbers point public saw today
What's happening is very simple. The numbers we saw today are clear evidence that the American public is shell-shocked to the point of being frightened over a big long list of circumstances surrounding the economy over which they have no power, no control.
bottom checks effect hurt itself nightmare results retailers tax worst
The worst part of these results is that they show that the effect of the tax rebate checks has petered out. This is a nightmare in itself for retailers and it doesn't bode well for Christmas. Also, we'll probably see more markdowns now, more than retailers anticipated for the holidays. That will hurt their bottom line.
companies consumer controls decent demand difficult economic evidence good however inventory nobody orders planning spring time until
They are all planning very cautiously, very carefully. Some companies have very decent inventory controls, but however good those controls are they still have to do some economic forecasting, and forecasting is a little difficult this time around. Nobody is going to spring for big orders until there's evidence that consumer demand is back, and there is no such evidence to date.