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Letter "K" » Kurt Barnard Quotes
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«[However,] retailers shouldn't break out the champagne yet, ... The rebates will have a very modest effect on spending. With a 6.4 percent unemployment rate, there are millions of people in the country with no income except for unemployment and welfare benefits. Millions more are on long-term unemployment, those that simply have stopped looking for work.»
Author: Kurt Barnard
«Tommy is in trouble, ... The casual wear market is already saturated and profits are slumping. Let's see what Dyer can do.»
Author: Kurt Barnard
«You just can't compare the impact of a large number of sales of flashlights, which may cost $2 to $4, with lost sales, for example, of hundreds of pairs of shoes, each costing $50 to $200,»
Author: Kurt Barnard
«I still say don't get your hopes up for the holidays, ... Yes, the specialty retailers did exceedingly well. Yes, the department stores look like they finally are getting their act together and yes, the discounters again came through with flying colors.»
Author: Kurt Barnard
«I expected the spending forecast to be more buoyant. But it could be the case that NRF is curbing their enthusiasm a little now,»
Author: Kurt Barnard
«The worst part of these results is that they show that the effect of the tax rebate checks has petered out. This is a nightmare in itself for retailers and it doesn't bode well for Christmas, ... Also, we'll probably see more markdowns now, more than retailers anticipated for the holidays. That will hurt their bottom line.»
Author: Kurt Barnard
«Wal-Mart's news is a very big deal, ... There's no doubt that a significant number of consumers are shopping paycheck to paycheck. Most are also waiting for price reductions because they know that the support of another tax rebate or tax reduction is unlikely. So saying that the consumer is still cautious is a good indicator that the holiday season will only be moderately better than last year.»
Author: Kurt Barnard
«High-end stores depend on continued spending from clients that over the past four years have amassed considerable wealth, ... Sales at upscale stores like Saks and Neiman Marcus are also going strong because the stock market has been very customer friendly to this group.»
Author: Kurt Barnard
«With Wal-Mart it's still a wait-and watch situation, but Target's news is a little worse, ... The problem with Target is that its department stores are underperforming.»
Author: Kurt Barnard
«While Saks is trying to make itself even more exclusive and pricing its goods even higher, the Neiman Marcus stores are going in the other direction and trying to attract a larger group of consumers. Today's development shows that competition in the luxury space is being ratcheted up a notch.»
Author: Kurt Barnard
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