George Whalin
George Whalin
confident far holding jobs market people
It's all about jobs. As long as people are confident about their jobs and being able to find one, they will spend. The job market so far is holding up well.
challenges convert easy loyal stores
They have significant challenges ahead. May stores had a lot of loyal customers, and it won't be easy to convert them.
die locations people reason spend turned visible
They've got locations that Wal-Mart would die for. They're in visible locations in communities where people spend money. There's no reason this thing can't be turned around.
affluent business cities driving general major retail san stores york
The retail business in general is strong, and Federated is doing well, considering it has stores in major cities such as New York and San Francisco, where the affluent shopper is driving a lot of sales.
against changed couple decent easier february issues looked quarters sales turnaround until
A couple decent quarters do not a turnaround make. The competitive issues haven't changed that much. February sales looked better but they're also set against easier comparisons. There's still a long way to go until a real turnaround.
business catalog driving factors internet
There's business to be had. The driving factors are the catalog and Internet guys.
discipline mind require unique
These are not cookie-cutter businesses. They require unique discipline and mind set.
business changes consumers decided department enormous favorite format future gone great last places retail store stores
The department store business has gone through enormous changes in the last 10 years and we aren't through yet. It's a retail format that doesn't have a great future in it. Consumers have decided traditional department stores aren't their favorite places to shop.
consumer employee fancy gimmicks impact people rude run shop store turn
All these new gimmicks are very interesting but the jury's still out about their impact on the consumer or if they'll be cost-effective in the long run ... People don't shop at a store because of one thing but a combination of factors. Even if shoppers like the fancy technology, a rude employee can turn them away from the store.
california retailers someplace
If you're not wanted in one neighborhood, California is big enough for retailers to find someplace else where they will be welcome.
china companies hearing mistakes observe plan simply waiting
It's not a coincidence that we're hearing China come up so much lately. Many companies were simply waiting to observe Wal-Mart's mistakes first and then plan their entry.
china companies hearing mistakes observe plan simply waiting
It's not a coincidence that we're hearing China come up so much lately, ... Many companies were simply waiting to observe Wal-Mart's mistakes first and then plan their entry.
aggressive attractive coming retailers
Retailers have to be aggressive in the coming weeks. Those with attractive discounts will do well.