Neil Stern
Neil Stern
bad concern losing perspective retail sales viable
Financially, it's not a bad quarter. The concern from a retail perspective is that top-line sales number. It's not where you want to be as an ongoing, viable retailer. ... Long-term, you don't want to be losing customers.
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.
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.
bigger designed houses major people power room sell store tools
Sears is a store that is designed for suburbia. They sell a lot of things like major appliances, barbecues and power tools that intrinsically go to people with bigger houses and garages and room to put this stuff.
bigger designed houses major people power room sell store tools
Sears is a store that is designed for suburbia, ... They sell a lot of things like major appliances, barbecues and power tools that intrinsically go to people with bigger houses and garages and room to put this stuff.
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.
anybody leadership pull terry
If anybody can pull this off, it's Federated and it's Terry Lundgren and his leadership team.
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.
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.
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.
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.