Neil Stern
Neil Stern
appeal available believe currently estate ethnic home locations mostly positive stores strip type
Anna's Linen stores are mostly in what are called 'B' type locations or strip malls. We think that there's a lot of real estate currently available in that format. The other positive for the retailer is its appeal to ethnic communities, which we believe are underserved in the value-priced home furnishings arena.
amount california difficult estate fair ground including northern owns percent
Albertson's owns the ground under about 60 percent of their stores, including a fair amount in California. With Northern California real estate so difficult to come by, that has its own value.
aspect attractive buying cash estate generating including land multiple owned reasons spin value
An attractive aspect of this for them is that Albertson's owned a lot of the land under their stores. But there could be multiple reasons for buying these stores, including generating cash flow, the value of the real estate or to spin them off to another buyer.
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.
proven successful
CVS has proven to be very successful in doing acquisitions.
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.
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.
access fast format grow human people resources train
Their format is not only capital-intensive, it's people-intensive. Literally, they can't train people fast enough. Even if they have access to capital, from a human resources standpoint, they can't grow any faster.