Kurt Barnard
Kurt Barnard
eye market needs pleasant stores toward
What J.C. Penney needs to do is to make the stores they do have palatable, pleasant to shop, and all of this needs to be done with an eye toward recapturing the market they've lost,
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What we are looking at is very strong and very necessary steps as the first installment of a Kmart turnaround, ... What he's doing right now is terribly important. It needed to be done, biting into the sour apple so to speak, in order to create a clear path for the future. I think Kmart is going to be customer-centric in the future, competitive in the market place and exciting to shop.
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All apparel-based retailers got creamed. They lost much of their market share to discounters.
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Sears is now giving evidence that its new marketing strategy and new slogan work very effectively.
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They are taking big bites of market share out of the sneakers. The sneaker business is a mature business that represents primarily a replacement mode. People mainly buy sneakers when the old ones wear out.
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Consumers are already concerned that the labor market continues to lag behind an economic recovery. They don't really need another negative distraction.
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Amazon's prospects, in my view, are at best limited. They may do some wonderful things, but the market isn't there. It's like a jockey beating a horse with three legs.
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High-end stores depend on continued spending from clients that over the past four years have amassed considerable wealth. Sales at upscale stores like Saks and Neiman Marcus are also going strong because the stock market has been very customer friendly to this group.
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Tommy is in trouble, ... The casual wear market is already saturated and profits are slumping. Let's see what Dyer can do.
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The key for them is the marketing of a new and totally different identity from Wal-Mart or Target or anybody else, ... They have to create their own distinctive identity. The kind that will make you and me wake up in the morning and say, 'I need a new pair of pajamas -- I think I'll go to Kmart.'
core profitable
It's not a core business, but (gardening) is a very profitable part of the business.
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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,
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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.
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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.