Discovery Zone is a little bit like a movie theater that doesn't have a change of films very often. Club Disney is an entertainment company at its roots. |
I think the pickings are going to be leaner than consumers expect because business has been fairly robust. I think we've had a relatively mild winter, which means the early spring merchandise that's on display has been hitting a better weather consumer mood. I think, given that inventories are probably moving quite well, there isn't going to be much clearance selling for spring. |
New York is the one place in America where discount retailing is really underdeveloped. The major chains have only really gotten there in the last four to five years. |
The store is going to have to become fresher, newer, more interesting to people to attract and hold people coming back to the store. |
The weather can be devastating (for retailers), especially if it's too dangerous for people to get out, or if people are already on the fence about buying more gifts. |
When he names Warren Buffett as a model, you've got to believe there are things he has in mind with the cash that he has and the stock price that he has. I would think it's acquisitions. But I can't imagine what he might acquire. It may not be a retail business at all. |