Kurt Barnard
Kurt Barnard
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Until the unemployment picture improves, consumers will be very cautious about their spending habits. We think the second half of the year could also be difficult for the retail industry unless the job demand improves.
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Watch out for this company. It's telling us something. While most retailers sold indistinguishable products, Sharper Image sells exciting and unique things that people want to buy.
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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.
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With Wal-Mart it's still a wait-and watch situation, but Target's news is a little worse. The problem with Target is that its department stores are underperforming.
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The potential for Web sales is tremendous and it carries the potential of completely altering and upsetting over the next few years all channels of retail selling.
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The problem with Target is a problem facing every retailer. The price of gas is coming down, but home heating oil is going to be a major problem, ... A lot of consumers are worried.
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There are a lot of companies out there whose essential business operating concept is past its prime and therefore their comparable sales are on a gradual decline.
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We were dealing with a very cautious, very careful consumer who was not really inspired to buy anything because there wasn't anything worth buying.
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With this kind of weather, we've now had this for some days, I think you'll find retail sales will reflect a cautious attitude on the part of consumers,
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We're seeing the consumer back at the discretionary counters and that is good news for the entire industry.
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We're seeing clearance sales that are early by at least three to four weeks. Going back to the beginning of summer they had a lot of inventory on hand and they need to get rid of it, ... Second-quarter earnings are going to reflect the markdowns. Everybody has been caught in the downdraft.
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Retail sales of Martha Stewart products won't suffer in a terminal way because right now Kmart needs Martha more than Martha needs Kmart. Her products are selling well because people really like them.
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I think the NRF forecast is hopefully optimistic. I don't see a pickup in sales until the pace of layoffs slows down.
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I think the NRF forecast is hopefully optimistic, ... I don't see a pickup in sales until the pace of layoffs slows down.