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Letter "R" » Richard Hastings Quotes
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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.»
Author: Richard Hastings
«I think it's kind of funny they're changing roles, but I'm also getting the impression that, over the past two years, there seems to be a trend to moving top management around so they get more well-rounded experience. I think that's a good move and maybe a part of the company's succession plan.»
Author: Richard Hastings
«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.»
Author: Richard Hastings
«It ended up a pretty good season. The retailers that didn't do well did it to themselves.»
Author: Richard Hastings
«Their third-quarter profit was supported by a really solid quarter at Sam's Club. This shows again why Sam's matters so much to Wal-Mart's consolidated profitability, ... Smoother performance at Sam's has been a big plus recently, and it has to hold up in order to offset the rising influence of supermarket margins from the other division.»
Author: Richard Hastings
«Wal-Mart's much slower rate of sales growth in November clearly shows this is a matured global business, ... As supermarket goods continue to increase as a percentage of sales -- and this includes consumables and perishables sold in big volume at Sam's Club -- we will expect to see a persistently slower rate of top line growth.»
Author: Richard Hastings
«Sears did a superb job on seasonal holiday promotions in circulars and TV ads and enjoyed a strong November. Sears comparable sales gains compares favorably to last year when November 2003 same-store sales were down 3.6 percent,»
Author: Richard Hastings
«It's great if you attract lower income shoppers looking for low prices, but what if those shoppers who were really struggling between 2000 and 2003 now have jobs? They might be spending more and looking for different merchandise...maybe something Wal-Mart doesn't have,»
Author: Richard Hastings
«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,»
Author: Richard Hastings
«New seasonal fashions brought out many apparel shoppers beating our sales expectations for some specialty apparel retailers, ... Overall, the industry is getting better at fixing short-term merchandising missteps, and October's cooler weather certainly brought out favorable reaction from many shoppers.»
Author: Richard Hastings
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