60 ordspråk av George Whalin

George Whalin

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It's all about jobs. As long as people are confident about their jobs and being able to find one, they will spend. The job market so far is holding up well.

The upper end of the economy has done very well and the stock market is at a 3-1/2 year high. This bodes well for the high-end merchants, ... Discounters would have had a hard time because their customers were impacted by higher gas prices and uncertainty about jobs.

It's a highly volatile business and simply not Wal-Mart's specialty, ... Let's not forget that Sears tried getting into a lot of other businesses -- it was selling insurance, it had a car rental service, a credit card business. It turned out to be a disaster.

Discounters and apparel are the heart and soul of this period simply because there are so many kids today that are going to school,

I would be very surprised if Kmart doesn't completely go away in the two to three years, or become something completely different,

All these new gimmicks are very interesting but the jury's still out about their impact on the consumer or if they'll be cost-effective in the long run ... People don't shop at a store because of one thing but a combination of factors. Even if shoppers like the fancy technology, a rude employee can turn them away from the store.

Retailers are putting a great spin on this, saying that the customer benefits in the end. However, the self-checkout is not driven by customer service but by the retailer's objective to reduce costs.

Consumers have fewer distractions now. There's no threat of war any longer and the fourth quarter is traditionally a very strong sales period, ... But it's not going to be gangbusters.

[E-tailing's on fire:] This is a banner year for online retail sales, ... The weather was an enormous factor for the big holiday sales numbers. The other factor is that consumers are much more comfortable using the Internet and they're appreciating the convenience of it.

Security and privacy concerns, especially with RFID chip technology, are enormous,

It's not a coincidence that we're hearing China come up so much lately, ... Many companies were simply waiting to observe Wal-Mart's mistakes first and then plan their entry.

Lowe's and Home Depot may have got caught in the middle of this, ... Retailers are under tremendous pressure by Wall Street to keep growing.... Should that be at the cost of a community? I don't think so.

He's not a retailer. He's never been a retailer, ... The guy who's running merchandizing and marketing is not a guy who's qualified to do that. This is baffling to me. It's mind-boggling.

If they're going to reposition their place in the market, this is the way to do it, ... It's a very wise move.

He's not a retailer. He's never been a retailer. The guy who's running merchandizing and marketing is not a guy who's qualified to do that. This is baffling to me. It's mind-boggling.

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