Richard Jaffe
Richard Jaffe
clearance consumer july optimistic primarily retail sector spring stores
We're optimistic for the retail sector this fall. We think that the consumer will come back into stores. July is primarily a clearance month, and we think we have accomplished what had to be done in July, liquidating all the spring merchandise. So, the stores are well positioned,
declines defensive past recycling sales strategy worked
Recycling what has worked in the past is a defensive strategy that is working, and it has reversed sales declines for the retailer.
believe company continue decisions fall holiday largely marketing product
We continue to believe that the company has been making incremental improvements in its product offerings at all divisions. We believe that fall and holiday assortments are largely complete, and that most marketing and merchandising decisions have been made and implemented.
declares gap site succeeded victory web
When you do that, The Gap declares victory. The Web site has just succeeded in getting you into the store.
question stores
There is no question the stores are prepped and warned.
stock
If we don't see Pressler departing, the stock treads water.
neither possibilities pursue
may want to pursue the possibilities that a different person did them both, and neither was our client.
bad cause covenant debt huge question results stretch
There's no question things are stinky at Gap, but to say fourth-quarter results will be so bad as to cause them to violate their debt covenant is a huge stretch of the imagination.
caused hydrogen prove saying
Prosecutors are saying the use of hydrogen peroxide caused the death, and they have to prove it. That's scientifically impossible.
choice freedom issues medical raises
There's a lot of gray. It raises issues of freedom of choice and the medical establishment.
catch fashion focused hip jeans mechanics selling store worse
They focused the store too sharply on fashion, let go on the basics, and their fashion didn't work. By selling low-rise jeans and mechanics jeans to hip 24-year-olds, you're alienating me and worse yet, you weren't able to catch that hip 24-year-old.
good somebody variety vision
He's someone who not only has a good vision on a variety of issues, but more important, he's somebody who executes.
clear comfort control discipline expense financial lies problem product providing recent seen solution
Gap's financial control and expense discipline have been excellent, as seen in recent results, providing some comfort to the lenders, ... What is clear is that the problem and its solution lies with Gap's product offerings.
september
That's pretty dismal, ... My sense is September is not going to be much better.