George Whalin
George Whalin
blames breaking cite continuing either excuse forgiving major retailers sales satisfy street tailored wall weather
We're continuing to see retailers cite the weather for either making or breaking their sales numbers. Frankly, I think is an excuse tailored to satisfy Wall Street. Wall Street is a little more forgiving if a major retailer blames weather for disappointing sales.
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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.
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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.
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There's business to be had. The driving factors are the catalog and Internet guys.
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I think the women's business is much tougher than anything else they have been in. It doesn't seem like a natural extension to me. They have begun to get a better selection of merchandise and the business is getting better, but they don't have a real track record here yet.
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One thing everyone looks at when you get down to that part of the county is how much business you will get from Mexico. That is a very important part of the equation.
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It's a highly volatile business and simply not Wal-Mart's specialty. Let's not forget that Sears tried getting into a lot of other businesses -- it was selling insurance, it had a car rental service, a credit card business. It turned out to be a disaster.
business businesses car card credit forget highly selling simply tried turned volatile
It's a highly volatile business and simply not Wal-Mart's specialty, ... Let's not forget that Sears tried getting into a lot of other businesses -- it was selling insurance, it had a car rental service, a credit card business. It turned out to be a disaster.
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This is a banner year for online retail sales. The weather was an enormous factor for the big holiday sales numbers. The other factor is that consumers are much more comfortable using the Internet and they're appreciating the convenience of it.
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These little niche markets such as banking and publishing don't make economic sense for Wal-Mart,
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The no. 1 domestic growth driver will be grocery. Wal-Mart has a lot of room to grow there. It's already the No. 1 grocer in Texas.
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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.
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If the mall has other good stores in it, they shouldn't have any problem attracting other retailers.