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.
begun business extension natural record seem selection tougher track
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.
benefits customer driven great objective putting reduce retailers saying service spin
Retailers are putting a great spin on this, saying that the customer benefits in the end. However, the self-checkout is not driven by customer service but by the retailer's objective to reduce costs.
chicago deciding presence sell stores wants
I think May deciding to sell its Chicago stores to Federated is a very real possibility, ... Federated desperately wants more of a presence in the Midwestern market.
careful jobs nervous people
I think people are nervous about their jobs and when people get nervous about their jobs, they get very careful about spending.
center except fashion issue maybe risk shopping
When you look at any shopping center these days, the risk issue is significant. Except maybe at Fashion Valley.
falls hard mall torn
Typically, when a mall falls on hard times, it never recovers. They end up being torn down.
figure jury trying whether
We're still trying to figure out what they're doing. The jury is still out on whether Kmart is even going to survive.
finding fit local location major networks promotions retailers tailor united
China's distribution networks aren't as sophisticated as in the United States, especially away from the major cities. Finding the right location is critical. Retailers will have to tailor their marketing, promotions and merchandising to fit local tastes.
complete finish investment middle realize shopping stop until
If they're in the middle of remodeling this shopping center, they're not going to stop until they finish it. They can't realize their investment until they complete construction.
wise
If they're going to reposition their place in the market, this is the way to do it, ... It's a very wise move.
moves
This was life-and-death for them, ... They had to make some moves to make this thing profitable.
caught cost home middle pressure retailers street tremendous wall
Lowe's and Home Depot may have got caught in the middle of this. Retailers are under tremendous pressure by Wall Street to keep growing.... Should that be at the cost of a community? I don't think so.
caught cost home middle pressure retailers street tremendous wall
Lowe's and Home Depot may have got caught in the middle of this, ... Retailers are under tremendous pressure by Wall Street to keep growing.... Should that be at the cost of a community? I don't think so.