Neil Stern
Neil Stern
change food markets
It's a day of significant change for the food and drug markets in Chicago.
anyone
It's about personalization. And it's very easy, so anyone can do it and not be intimidated.
buy challenge losing profitable stores themselves today
What they've done is buy themselves some time. The challenge is, how long does it last? If you're still losing sales, those stores that are profitable today won't be profitable tomorrow.
formidable good rival strategy ubiquitous
I think their strategy is to be as ubiquitous as Walgreen's. They're a very good operator, a formidable rival to Walgreen's.
anchors came created defined department estate gave marshall reason shop store
Tommy Hilfiger came in and created 300 shops. Now every one of the department store anchors has a Tommy shop and a Liz shop. It gave vendors more control, and it also was a real estate grab. There was no real defined reason to go to Marshall Field's because it has X, X and X that Carson's doesn't have.
definitely few performers stayed strong
There's definitely a few strong performers out there that have stayed under the radar.
amount california difficult estate fair ground including northern owns percent
Albertson's owns the ground under about 60 percent of their stores, including a fair amount in California. With Northern California real estate so difficult to come by, that has its own value.
border expanding northern sort suburbs western
They sort of crept over the border from the north, and are now sort of expanding into the northern suburbs and western suburbs.
access fast format grow human people resources train
Their format is not only capital-intensive, it's people-intensive. Literally, they can't train people fast enough. Even if they have access to capital, from a human resources standpoint, they can't grow any faster.
advertising execute lose store
If you do that kind of advertising, you better be able to execute at the store level. If you don't, you're really going to lose those customers.
major national
In one deal, it makes Supervalu a major national player.
came city company density five past people realized six stores york
This is a company that came from Rochester, N.Y., ... It's not like they came from New York City or some sophisticated place. A lot of their stores are in middle-of-the-road places. In the past five or six years, they've realized if they can get a combination of density -- a lot of people -- and income, that that's where they shine.
changes format grand name sell
A name is just a name. We have to see what the new Sears Grand format will sell and at what price. We'll have to see what the changes are.
buy gifts huge national register wedding
A national place to register and buy wedding gifts is a huge advantage.