Marshal Cohen
Marshal Cohen
apple
They are not going to let Apple take that environment.
consumer creating department environment fashion longer points price remove sin stores
The self-service stores are creating an environment that allows the consumer to be able to get better fashion. It's no longer about getting fashion in a department store. Another interesting thing that's going on is the price points have become more extreme. You remove the sin in buying.
good maintain news property trying
Is it a challenge, but the good news for them is that it has been a sleepier brand, so it's not as if they are trying to maintain a property at its peak.
bringing creates excitement good higher later less margins mode retailers selling spring stuff
Bringing in spring merchandise now is a good thing. It creates a sense of excitement for consumers. I think retailers are better off selling less stuff at higher margins than getting into a promotional mode later in the season.
both department full jeans price shoes shopping specialty status stores teens wearing
Teens are still shopping at both specialty stores and department stores for status items. They are, for example, wearing full price shoes from Nordstrom with jeans from Target.
allow company compete goods market mass maybe offer prices
It eliminates competition. It will allow the new company to sharpen the pencil, offer better prices and goods and maybe even compete in the mass market channel.
company credit drove europe followed good job keeping premium
I credit the whole company for this success. They did a good job in Europe of keeping it a premium brand, and the U.S. followed suit. That drove this phenomenon.
built company connection technology
When you have a company that's built on technology and connection with the customer, those are not all profit-driven concepts.
absence biggest seen surprise tone urgency
The biggest surprise to me has been this absence of urgency on the part of consumers. I've been doing this for a long time. Other than in 2001, I haven't seen such a lackluster tone during the holidays.
cases partners soon
It's too soon to say. In some cases even the partners don't even know it yet.
consumers convince country department national prove regional respond street until
Until they're able to prove that consumers are going to respond to the changes, the Street is very nervous. It's a very big undertaking to convince the country that a national Macy's is better than regional department stores.
propensity style toward updated women
Women updated their wardrobes and showed a propensity toward style and comfort.
beyond cozy great pajamas pampered products propensity provided robes style themselves towards updated women
Women updated their wardrobes and showed a propensity towards style and comfort. Accessories provided a great way for women to update their look. Women also pampered themselves with cozy pajamas and robes and other self-care products that went beyond apparel.
assume soon
We're not there yet but it's not too soon to assume this scenario.