Kurt Barnard
Kurt Barnard
beginning caught clearance early earnings everybody four hand inventory reflect rid sales seeing summer three
We're seeing clearance sales that are early by at least three to four weeks. Going back to the beginning of summer they had a lot of inventory on hand and they need to get rid of it, ... Second-quarter earnings are going to reflect the markdowns. Everybody has been caught in the downdraft.
create dividends earnings finally huge invested lower money pay reason strong turn year
Kmart's earnings were lower than a year ago, and the reason why they were lower is because there is a lot of money being invested in infrastructure. But it's going to pay huge dividends in the future, ... Kmart is finally very excellently positioned to turn around and create a very strong place in the sun.
ability absolutely balance buy certainly consumer convinced earning far freedom good hold job lose maybe next onto remain secure spend spending strong throughout
You know, Americans have jobs. Americans are earning money. They feel good about themselves. They feel secure in their ability to hold onto the job, and even if they lose the job they know they don't have to go too far to find another one, ... So they feel a sense of security, of freedom to go out and spend and buy and do things for themselves, and that is why we are absolutely convinced that consumer spending will remain strong certainly throughout the balance of this year, and ... maybe into next year.
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.
core profitable
It's not a core business, but (gardening) is a very profitable part of the business.
easier growing happens horizon shopping simply store
E-commerce is growing exponentially, and it is not at all unreasonable to think that simply because the store essentially, or a whole horizon of stores, happens to be right on your desk, that shopping is made so much easier than before,
beginning christmas consumer cost economy everybody exciting extra families far gas gasoline high landing less means month pump soft spending toll worried year
Everybody is worried about a soft landing for the economy and a contraction of consumer spending. And come Christmas it will be far less exciting than a year ago. The high cost at the gas pump is beginning to take its toll and for a lot of families spending an extra $20-to-$25 a month on gasoline means spending that much less on stores.
blizzard major malls presidents serious shut since stores weekend
The blizzard was a serious setback for retailers, especially since the Presidents Day weekend is a major day for sales. Most of the malls and independent stores were shut in the Northeast.
add bigger business grow growth percentage smaller stores
The bigger it gets, the smaller the percentage growth will be. Let's say that when you add 10 new stores to 100 stores, you grow the business 10 percent. When you add 10 stores to 3,000 stores, the growth isn't obvious.
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.
cash demand dollar means related signs tremendous
There's tremendous demand for anything related to gardening, horticulture. It means dollar signs at the cash register.
comfort industry rest
The rest of the industry can take comfort from Wal-Mart's projections,
against beyond easier fueled heavy july last numbers period retailers school situation year
These numbers come on the back of heavy discounting. The back-to-school period also fueled results. Beyond that, the situation last year in July wasn't good. So retailers were up against much easier comparisons.
companies fun image jump lesson offering sales seen useful
These two companies give a must-have lesson for all retailers. Shaper Image has seen sales jump in the double-digits because they keep innovating and offering new, fun and useful products.