Kurt Barnard
Kurt Barnard
consumer continue future growth last mistake moderate reasonable spending stop suddenly trend
This trend is going to be with us for the foreseeable future. Growth will continue and will be very strong, but it will be more moderate than it was last year, ... Make no mistake about it - this growth will continue. Consumer spending will continue to grow, but it's not going to suddenly stop or go back. It will continue at a more reasonable pace.
accept anticipate bring consumer future good growth massive slow strong time willing
It is a good time if you're willing to accept slow growth and slow improvement. We do not anticipate at this time that the foreseeable future will bring a real strong massive upturn in consumer spending.
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.
below decent high large last retail sales
I think by and large retail sales will be decent for most retailers, but not spectacular, ... Most will come in with same-store sales very much below the formidably high same-store sales of last year.
attractive pay question stores terms ultimately
I think ultimately they will do better than they have done in some years, ... There's no question the much more attractive stores will pay off in terms of improvement, but will they be able to come through with big earnings? The jury's still out.
experience few introduced shopping store
Kohl's did a few things that made the shopping experience easier, ... They introduced shopping carts, centralized checkout counters and an easy-to-shop store layout.
few last ranks retail saw top weekend
Last weekend we saw a massacre. There were a few shakeups in the top ranks of some retail names, and that's to be expected.
few last ranks retail saw top weekend
Last weekend we saw a massacre, ... There were a few shakeups in the top ranks of some retail names, and that's to be expected.
background beginning experience good immense job length mistakes possible qualify quite retailing taking tenure
I think Conaway is a good retailing executive, but he made too many mistakes at the very beginning of his tenure at Kmart. It is quite possible that his background and length of experience did not sufficiently qualify him for the immense job he was taking on.
background days economic home inclined instead people rely salary street themselves waiting wall
People are more inclined these days to make themselves rely on one salary instead of waiting for a Wall Street home run, and that is the background of the economic environment.
continuing
Penney is continuing a three- or four-year downfall,
buying debt deep people
People are not going to go on buying binges. People are deep in debt and deep in hock,
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.
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.