84 ordspråk av Richard Hastings

Richard Hastings

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What's holding up the consumer is habit. Until things change in a very material manner, American consumers won't alter their shopping habits significantly. The jobs market is strong and there's been a little bit of improvement in wage growth. I still don't believe that gas prices are high enough to derail consumers. If there is one thing that could shake consumers it's the housing market and not gas inflation.

They're paying attention to their problems. They are aware that when it comes to store-level execution there are problems and they're paying attention to it.

Management has been defending the brand. If we look at the last six years, it's become clear that they have made no progress.

This remains one of the most interesting major retailing case studies in the past 20 years.

Being a public company ain't fun. Retailers are fleeing for the private universe, because they speak a different language than [Wall Street] analysts. There's a dynamic volatility that retailers are comfortable with, and that really tests their patience when they deal with the urge toward smoothness and predictability that analysts want. There are a lot more people in private investment banking who understand your language.

Management is concerned about return on invested capital and return on shareholder equity and that's the focus. Everything else takes a backseat to that.

This is about putting your career on the line. They need to go in there and do something really dramatic to retool the business.

The assortments weren't there when cold weather snapped back, and shoppers were curious about something other than a bikini to match their mittens.

All that a week ago was neatly put out there. Today Mother Nature took all of it.

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