Richard Hastings
Richard Hastings
Richard Cory Hastingsis a Canadian association football player, who has played for Inverness Caledonian Thistle, Ross County, Grazer AK, MVV Maastricht, Hamilton Academical and Brora Rangers...
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There are five business days until the comparable-store sales figures come out. Stores will be assessing things, and we could see some warnings, if they haven't done well.
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We're at an extremely dangerous situation where home heating bills could be shockingly high this winter, ... This is very bad news especially in the northeast part of the country, where the population represents a pretty big chunk of national retail sales.
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Electronics is certainly carving a big chunk of money out of the pockets of shoppers. Back-to-school is increasingly about how cool is your phone, or how new and cool is your notebook -- that $1,350 notebook -- and students are judging each other by their gizmos at least as much as by their clothing.
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Management is concerned about return on invested capital and return on shareholder equity and that's the focus. Everything else takes a backseat to that.
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As long as people can find the right merchandise, have a job and borrow a little bit, they are going to go shopping. Overall, the holiday season was good. Retailers who had it all nailed down were the winners.
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The assortments weren't there when cold weather snapped back, and shoppers were curious about something other than a bikini to match their mittens.
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If Wal-Mart's December comparable sales do go up 3 percent, that means they did much better in the last two weeks of the month,
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Where there is pressure there is change, universally.