Neil Stern
Neil Stern
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.
adapt chain stores volume
The volume is there, but the chain stores have to adapt their practices.
proven successful
CVS has proven to be very successful in doing acquisitions.
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.