Marshal Cohen
Marshal Cohen
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.
apparel consumers continue found item prices shopping spend staple
Denim will continue to be the staple item found in everyone's shopping bags. With prices for electronics declining, consumers will get to spend a little more on apparel this year.
average consumers extra last leave lee spent worried year
Last year consumers on average spent $500 more for the year on gas. This year it could go up to $1,000. This is what Lee Scott is worried about. The average American has $2,400 in discretionary spending. A Wal-Mart shopper probably has $1,500. Now take out the $1,000 extra and what does that leave them?
consumers creates endorse footwear image money pay people spend sports urban
Sports footwear usually is also the first place urban consumers will spend money to endorse a celebrity. As we've already seen, people will pay over $100 for the G-Unit or an S-Carter Reebok if it creates the right image for them.
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.
apple
They are not going to let Apple take that environment.