Neil Stern
Neil Stern
below concept five grow items novelty retail whether
All the merchandise in Five Below is under $5, whether it's toys, sporting goods, novelty items or accessories, ... This is a retail concept that can potentially grow very, very fast.
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.
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.
brand indicative means
It's perceptually indicative of how a brand is performing. If it's going down, that means their satisfaction is going down.
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.
adapt chain stores volume
The volume is there, but the chain stores have to adapt their practices.
acquired country far finding gone successful
What they are finding so far internationally, is that when they have gone into a country and acquired or partnered with a successful established retailer they have done very well.
proven successful
CVS has proven to be very successful in doing acquisitions.
appeal available believe currently estate ethnic home locations mostly positive stores strip type
Anna's Linen stores are mostly in what are called 'B' type locations or strip malls. We think that there's a lot of real estate currently available in that format. The other positive for the retailer is its appeal to ethnic communities, which we believe are underserved in the value-priced home furnishings arena.
certainly generate looking profit traffic
Every retailer is looking to generate more trips. It's certainly not a profit driver; it's being used as a traffic driver.
definitely few performers stayed strong
There's definitely a few strong performers out there that have stayed under the radar.
convert either forever format operate option second stores
Forever 21 has the option to operate either a second format or convert those Gadzooks stores into its own brand,
ultimate
It's the ultimate credibility to say, 'Go see who we are,'
almost clean comfort families family focused good mix throwback
It's almost a throwback concept. They're very clean stores. They're wholesome; very much focused on comfort food. They have very much a family orientation; a good mix of families and young kids.