Neil Stern
Neil Stern
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.
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.
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,
adapt chain stores volume
The volume is there, but the chain stores have to adapt their practices.
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.
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.
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.
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.
proven successful
CVS has proven to be very successful in doing acquisitions.
anybody leadership pull terry
If anybody can pull this off, it's Federated and it's Terry Lundgren and his leadership team.
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.
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.