Neil Stern
Neil Stern
advertising execute lose store
If you do that kind of advertising, you better be able to execute at the store level. If you don't, you're really going to lose those customers.
proven successful
CVS has proven to be very successful in doing acquisitions.
convert either forever format operate option second stores
Forever 21 has the option to operate either a second format or convert those Gadzooks stores into its own brand,
brand indicative means
It's perceptually indicative of how a brand is performing. If it's going down, that means their satisfaction is going down.
adapt chain stores volume
The volume is there, but the chain stores have to adapt their practices.
formidable good rival strategy ubiquitous
I think their strategy is to be as ubiquitous as Walgreen's. They're a very good operator, a formidable rival to Walgreen's.
ultimate
It's the ultimate credibility to say, 'Go see who we are,'
catering company mothers products providing shop small specialty
It's a very small company right now but its got the right idea of providing a one-stop shop for specialty products catering to expectant mothers and young children,
major national
In one deal, it makes Supervalu a major national player.
bad concern losing perspective retail sales viable
Financially, it's not a bad quarter. The concern from a retail perspective is that top-line sales number. It's not where you want to be as an ongoing, viable retailer. ... Long-term, you don't want to be losing customers.
anchors came created defined department estate gave marshall reason shop store
Tommy Hilfiger came in and created 300 shops. Now every one of the department store anchors has a Tommy shop and a Liz shop. It gave vendors more control, and it also was a real estate grab. There was no real defined reason to go to Marshall Field's because it has X, X and X that Carson's doesn't have.
buy challenge losing profitable stores themselves today
What they've done is buy themselves some time. The challenge is, how long does it last? If you're still losing sales, those stores that are profitable today won't be profitable tomorrow.