Kurt Barnard
Kurt Barnard
consumers forget found items operators store talking
We found out, from talking to consumers and store operators all over the country, that low-dollar items went very fast. Forget about high-end items.
absent best both drives ease factors job jobs obtaining present retail sales until year
The thing that drives retail sales most and best is job availability and the ease of obtaining new jobs. Both of these factors are absent at the present time. It may not be until the end of the year that we see job growth.
available bricks carry click dominant elsewhere factor future highly internet kinds lies operations pure simply
I think the future lies in two different kinds of Internet players. The one is the bricks and clicks, and that will be the dominant factor in the business, ... The other one will be highly specialized pure play click operations that carry things, do things that are simply not available elsewhere through other channels.
basically carry coat coats factory fashion full good including line name value
The name Burlington Coat Factory is a misnomer because they carry a full line of fashion apparel, including coats in the winter. It's basically an off-price operation. You get good value there, very good value.
broke clearance department despite discount doors fact people stayed stores strong
Despite the fact that it's a clearance month, we can still see strong trends. People stayed away from department stores and they broke down the doors at discount stores.
blizzard major malls presidents serious shut since stores weekend
The blizzard was a serious setback for retailers, especially since the Presidents Day weekend is a major day for sales. Most of the malls and independent stores were shut in the Northeast.
february likely month past results seems seen spring testing
February is a testing month for spring, and the results have not been spectacular, ... There seems to be a sense of foreboding that while spring is likely to be a smidgen better than we have seen in past months, it is not going to be a barn-burner.
anytime asking bombarded buying decent good head hear income jobs laid listen means number people question radio voice
Americans are being bombarded with announcements of layoffs. Anytime you listen to the radio it's always 3,000 laid off here, 500 there, ... That means a lot of people who have decent jobs and good income hear that little voice in the back of their head asking the question 'could my number be up next?' They're buying what they need, but they don't buy frivolously.
brutal guess hope
They (retailers) don't know. All they can do is hope and guess more than anything else. It's a brutal, brutal problem,
extent regardless wonderful
Rebates are wonderful to the extent that they are executed, regardless of the deficit.
available buy candy known less money past quite represent savings
If you stash money away in a savings account, then there's less available to buy things in a store, from candy to cars. This is not quite the conventional retrenchment we've known from past recessions, but it may represent a kind of wishy-washy stagnation.
consumer formed function jobs labor might present retailing spending states united word
Retailing and consumer spending are a function of a four-letter word -- jobs. And there are no jobs being formed in the United States at the present time. We are in an unfortunate labor climate, one that might be called not at all propitious for retail spending.
apparel business known major operation
They are now getting into the apparel business in a way they have not known before -- in a way that establishes Sears Roebuck as a major operation in apparel.
christmas finally hard industry jobs last million moderately picture retail simply turned unemployed unless workers year
Remember, there are still over 2 million unemployed workers and over 5 million are on part-time jobs. Christmas will be moderately better simply because last year was so bad. But unless this jobs picture improves, it's hard to say that the retail industry has finally turned the corner.