Richard Hastings
Richard Hastings
Richard Cory Hastingsis a Canadian association football player, who has played for Inverness Caledonian Thistle, Ross County, Grazer AK, MVV Maastricht, Hamilton Academical and Brora Rangers...
express investors leaves momentum purchase worried
It's just a number. Vendors are worried about getting purchase orders, and getting paid. That's a real concern. But investors are worried about getting on the momentum express before it leaves the station.
pressure
Where there is pressure there is change, universally.
business days figures five sales stores until
There are five business days until the comparable-store sales figures come out. Stores will be assessing things, and we could see some warnings, if they haven't done well.
bad bills chunk dangerous extremely high home national news northeast population represents retail situation
We're at an extremely dangerous situation where home heating bills could be shockingly high this winter, ... This is very bad news especially in the northeast part of the country, where the population represents a pretty big chunk of national retail sales.
christmas eventually excess far holidays inventory people retailers until wait
Retailers know that many people will wait until after Christmas for the big purchases. So they don't want to go too far into the holidays with excess inventory that they eventually will heavily discount.
christmas delivery orders ready retailers richest winter
Retailers have very big orders from vendors ready for delivery right before and right after Christmas. They want to look really, really good. That's when they come out with the richest displays of winter merchandise, and it culminates with Valentine's Day.
apparel appearance controls indicate necessary recent shelf steps stores support visits
Our recent visits to some stores indicate better controls over displays, clutter, and shelf appearance, necessary steps to stabilize store aesthetics in support of their apparel initiatives.
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Mass merchandising and discount retailing is moving in a big way toward private labels and exclusive designer brands, ... That Wal-Mart is rumored to be contemplating something like this is logical, given the trend in the industry.
eye july keeping retailers sales season spending summer surprised volatile weaker weakness
July sales were weaker than expected. Summer can be a volatile season for retailers but I am a little surprised by the weakness in apparel. I'll be keeping an eye on discretionary spending going forward.
clear defending last management six
Management has been defending the brand. If we look at the last six years, it's become clear that they have made no progress.
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Management is concerned about return on invested capital and return on shareholder equity and that's the focus. Everything else takes a backseat to that.
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The assortments weren't there when cold weather snapped back, and shoppers were curious about something other than a bikini to match their mittens.
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January is not just clearance month anymore. It's winter-season full-price selling, because Christmas and holiday merchandising is really promotional. These days, that's when you see the really deep discounts.
bills change consumer expensive holiday hurt marginal primarily rather spending
Will the anticipation of more expensive bills hurt holiday sales? I don't think so. I think consumer spending will see more of a marginal change rather than a substantial change, primarily at the lower-income level.