Bill Dreher
Bill Dreher
forty holiday percent sales week woods wrapped
We're not out of the woods yet. Forty percent of holiday sales are wrapped up in the week before Christmas.
average believe benefit christmas consumer department exuberance gasoline higher irrational jobs shown stock stores suffer target worried
We believe our competitors have shown irrational exuberance with Christmas forecasts, ... We believe the average consumer is worried about higher gasoline prices, jobs and doesn't believe he will benefit from the stock market. With this climate, if you're just a 'me-too' retailer, you'll be in a world of hurt. The department stores will suffer but the discounters Wal-Mart and Target will do well.
adding apparel brands continues fits food momentum name operating position sales strong success taking thesis tremendous
Wal-Mart continues to show strong momentum and operating performance. Its food and apparel sales did well, which fits in with our thesis that Wal-Mart is really taking on the supermarkets. By adding new apparel name brands like Levi's, I think it's in a position to see tremendous success in apparel too.
adding apparel brands continues fits food momentum name operating position sales strong success taking thesis tremendous
Wal-Mart continues to show strong momentum and operating performance, ... Its food and apparel sales did well, which fits in with our thesis that Wal-Mart is really taking on the supermarkets. By adding new apparel name brands like Levi's, I think it's in a position to see tremendous success in apparel too.
continue deliver despite environment modest operate profits prove retail sales target weak
Wal-Mart and Target continue to prove that they can operate well in this challenging retail environment and deliver profits despite modest to weak sales results.
bad disaster knew surprises today
We knew today was going to be a disaster. What surprises us was how bad it was was.
appears blue consumer emphasize instead light low roots skeptical stores wants
We have always been skeptical of their reverting back to their blue light roots in the stores and on the Web, ... Instead of emphasizing every-day low prices, it appears to emphasize one-time grab-bag bargains, which is not what the consumer wants right now.
allow believe both growth increase margins move next operating opportunity range seen stock third trading tremendous twice year
Wal-Mart's EPS growth is twice that of the S&P. For the third consecutive year it has seen an increase in operating margins and we believe it still has tremendous growth opportunity over the next 5 to 10 years both domestically and abroad. At the very least, this should allow the stock to come off the low-end of the trading range and move higher.
across badly cautious chain comments half problems profits retail sales though
Wal-Mart's cautious comments are warranted. Even though its problems are not company-specific, it does bode badly for the profits and sales across the retail chain in the back half of the year.
across badly cautious chain comments half problems profits retail sales though
Wal-Mart's cautious comments are warranted, ... Even though its problems are not company-specific, it does bode badly for the profits and sales across the retail chain in the back half of the year.
acting company good help mature maybe move negative open point pressured publicity risk showing today
Wal-Mart is a more mature company today and is showing its willingness to be more open with the press, ... From investors' point of view, this is very good news. All the negative publicity has pressured the stock. Maybe this move will help take away some of that 'headline' risk acting on the stock.
clear holiday prospects stronger wisdom
Wal-Mart has made it very clear that the prospects for this holiday are much stronger than the conventional wisdom would have had it.
believe colder february impact likely majority negative retailers sales sets spring store stores weather
We believe this will have a negative impact on February sales for the majority of our retailers as the much colder weather will likely impede store traffic, and sales of spring merchandise sets that are now in stores may be impacted.
believe sales typical unusually update warm
We believe this update is a combination of management's typical conservatism and sales sluggishness from the unusually warm weather.