Bill Dreher
Bill Dreher
chasing losing money point sales
There's no point in chasing sales if you're losing money on those sales.
ballpark far sales shows
It shows they're in the ballpark as far as sales go.
boost retail sales
I think high-end retail sales will get a boost from this news.
chains department discount line mostly results sales
The sales results from the department and discount chains were mostly in line with expectations.
customer discount earnings expect generating increases people price rational retailers sales seeing solid strong traffic
People are being much more rational with their expenditures. That's why we're seeing these discount price retailers generating strong customer traffic and solid sales increases. And we expect strong earnings increases from them.
appeared bang consumer expecting flooded robust sales season september
The back-to-school season started with a bang and we're expecting robust sales in September because the consumer appeared to be flooded with cash.
anyone company earnings environment excuse improved lock month overall posting quarter rest retailers sales specific start stellar weak
There's very little excuse for anyone posting weak sales right now, ... If that is happening, it because of company specific excuses. The macro environment overall is very strong. The first month of the quarter got a stellar start and that usually put a lock on the rest of the quarter. Retailers should post improved earnings going forward.
confusion difficult easter february horrible march numbers pushed sales state turn weak
I think there's a lot of confusion about the state of the consumer. We had weak numbers in January. February sales were pushed down by horrible weather, and now March could be weak because of the Easter shift. It's difficult to see how things are going to turn out.
affected areas days expect given impossible lose nearly roads sales severity stores
Given the severity of the storm, we expect that stores in the affected areas could lose up to two days of sales as roads were nearly impossible to navigate.
cents number pull telling
They're telling us to pull our number down by 4 cents (per share).
acquiring card companies continues cost credit department gross improved improving lowering margin problems retailers seeing stores strong struggle target turnaround
The companies that are seeing strong gross margin improvements are getting it not from improving their merchandising mix, but from improved buying. Retailers like Wal-Mart and Target are lowering their cost of acquiring products. Sears on the other hand, continues to struggle with the turnaround of its department stores and problems with its credit card unit.
intent last learned lessons repeating year
They've learned the lessons from last year and are intent upon not repeating the same mistakes.
alan bad confidence convinced dealing deceitful department feeling head hiding investor restore sounds tackling
He (Lacy) was dealing with a deceitful department head who sounds like he was hiding some bad news, ... Our feeling is Alan Lacy is being very forthcoming and straightforward with the problems, and is tackling them very aggressively. But we're not convinced that's going to be enough to immediately restore investor confidence in shares.
bargains best consumers game held holiday last mad minute result retailers rush spirit unknown until waited week
Consumers were not in the holiday spirit up until the last week of the holiday season, when there was a mad rush for the store. And the big unknown is the result of that game of chicken, where shoppers waited until the last minute to get the best bargains and retailers held off.