Richard Jaffe
Richard Jaffe
clearance consumer july optimistic primarily retail sector spring stores
We're optimistic for the retail sector this fall. We think that the consumer will come back into stores. July is primarily a clearance month, and we think we have accomplished what had to be done in July, liquidating all the spring merchandise. So, the stores are well positioned,
declares gap site succeeded victory web
When you do that, The Gap declares victory. The Web site has just succeeded in getting you into the store.
neither possibilities pursue
may want to pursue the possibilities that a different person did them both, and neither was our client.
stock
If we don't see Pressler departing, the stock treads water.
declines defensive past recycling sales strategy worked
Recycling what has worked in the past is a defensive strategy that is working, and it has reversed sales declines for the retailer.
question stores
There is no question the stores are prepped and warned.
believe company continue decisions fall holiday largely marketing product
We continue to believe that the company has been making incremental improvements in its product offerings at all divisions. We believe that fall and holiday assortments are largely complete, and that most marketing and merchandising decisions have been made and implemented.
good somebody variety vision
He's someone who not only has a good vision on a variety of issues, but more important, he's somebody who executes.
clear comfort control discipline expense financial lies problem product providing recent seen solution
Gap's financial control and expense discipline have been excellent, as seen in recent results, providing some comfort to the lenders, ... What is clear is that the problem and its solution lies with Gap's product offerings.
business continues guarded issue line outlook struggling traffic
The issue is not the quarter, which was in line with expectations, but their guarded outlook for 2006. The business is struggling and it continues to struggle. Traffic is falling...
caused hydrogen prove saying
Prosecutors are saying the use of hydrogen peroxide caused the death, and they have to prove it. That's scientifically impossible.
aggressive entered quarter season tough
It was a very accelerated or aggressive promotional season - one that I think is going to be tough to predict. I don't think I've entered a first quarter with as much uncertainty.
september
That's pretty dismal, ... My sense is September is not going to be much better.
catch fashion focused hip jeans mechanics selling store worse
They focused the store too sharply on fashion, let go on the basics, and their fashion didn't work. By selling low-rise jeans and mechanics jeans to hip 24-year-olds, you're alienating me and worse yet, you weren't able to catch that hip 24-year-old.