Kurt Barnard
Kurt Barnard
consumer continues department discount shift specialty spending stores strong
There has been, and continues to be, a strong shift of consumer spending away from traditional department stores and specialty stores over to discount stores.
apple biting clear create exciting looking market necessary needed order path sour steps strong terribly
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.
absolutely acquire bit dealing directly extremely hand order places rather remote seems strong
On the one hand he's extremely capable, a very strong manager, administrator and visionary. On the other hand he seems a bit remote from the field, ... He must absolutely acquire the sense of dealing directly with Mr. and Mrs. Consumer. Can he deal with someone who places an order for $10 rather than $10,000 or $10 million?
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.'
accept anticipate bring consumer future good growth massive slow strong time willing
It is a good time if you're willing to accept slow growth and slow improvement. We do not anticipate at this time that the foreseeable future will bring a real strong massive upturn in consumer spending.
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.
broke clearance department despite discount doors fact people stayed stores strong
Despite the fact that it's a clearance month, we can still see strong trends. People stayed away from department stores and they broke down the doors at discount stores.
confidence consumers demand exciting fashions lack second strong sweep
The fashions did not appeal. They were not sufficiently exciting to sweep consumers into the stores, ... translates into a lack of confidence that there will be strong consumer demand in the second half.
clients continued customer depend four friendly market past sales spending stock stores strong
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.
above buy heavy normal question strong sweater wants weather
It's going to be a very, very strong day. No question about it. But the weather has me a little worried. The temperature has been way above normal and who wants to buy a heavy sweater when the temperature is 65 degrees?
cash clients continue continued february half marked retail sales sore spending stood stronger telling year
February sales were very strong, stronger than anticipated in many instances. I will tell you that if you were a retailer in February and did not do very well, you stood out like a sore thumb. We're telling our clients that the first half of this year will continue to be marked by continued strong spending at the retail cash register.
convinced core credit deliver devote finally impressive next resources results rid sales six slump stuck true
While it's true that Sears is stuck in a sales slump for a long time, the retailer has also been in a restructuring mode, ... By getting rid of the credit business, it can finally devote all its resources to its core business. I'm convinced Sears will deliver impressive results in the next six to 12 months.
consumer continue future growth last mistake moderate reasonable spending stop suddenly trend
This trend is going to be with us for the foreseeable future. Growth will continue and will be very strong, but it will be more moderate than it was last year, ... Make no mistake about it - this growth will continue. Consumer spending will continue to grow, but it's not going to suddenly stop or go back. It will continue at a more reasonable pace.