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Letter "K" » Kurt Barnard Quotes
«There has been, and continues to be, a strong shift of consumer spending away from traditional department stores and specialty stores over to discount stores.»
«They are all planning very cautiously, very carefully. Some companies have very decent inventory controls, but however good those controls are they still have to do some economic forecasting, and forecasting is a little difficult this time around. Nobody is going to spring for big orders until there's evidence that consumer demand is back, and there is no such evidence to date.»
«The thing that drives retail sales most and best is job availability and the ease of obtaining new jobs. Both of these factors are absent at the present time. It may not be until the end of the year that we see job growth.»
«It is a coming back down to earth. About two or three months ago, the world was swept up by the notion that the economic recession is over and the good times are rolling again. That meant consumers would be knocking down the doors of retailers the way they did a few years ago. But guess what? It ain't happening.»
«Discount stores are doing very well, and home-oriented retailers are doing very well. But most of the others are dragging their heels.»
«They have all learned one lesson -- make yourself more efficient. Operate more economically, and do more with less.»
«The fashions did not appeal. They were not sufficiently exciting to sweep consumers into the stores, ... translates into a lack of confidence that there will be strong consumer demand in the second half.»
«They are now getting into the apparel business in a way they have not known before -- in a way that establishes Sears Roebuck as a major operation in apparel.»
«Its formula is essentially one that appeals to just about everybody, and that takes advantage of a fundamental need -- pay less than you have to elsewhere, ... It is a totally irresistible formula that, so long as there is such a thing as buying and selling, will not fail.»
«Americans have become very cautious spenders, and that was extremely evident in May. Retail sales will continue to advance, but very slowly, very cautiously.»