21 ordspråk av Todd Slater
Todd Slater
April should recover nicely benefiting from more seasonal weather and pent-up demand.
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Clearly the economy is not helping. Consumers are relatively strapped, and they're focusing more of their time and attention on the big discount days, like black Friday (the day after Thanksgiving) and today.
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For consumers, it's a good time. Procrastinators will be rewarded.
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Gap has to know that it can't spend its way to success. The marketing message may be good, but if they can't get their product right, it won't help. The consumer ultimately votes with the wallet.
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I think because of the easy comparisons, apparel has an opportunity to stand out through the rest of the quarter compared to some of the other categories.
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I think consumers rested a little in June after spending their hearts out in April and May.
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I think it will be successful initially because it's new and different. But long-term, I don't think the business has a great chance of succeeding in its current incarnation -- not from a design point of view but from a merchandising point of view. I don't know that the merchandise outperformed the competition.
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I think it will be successful initially because it's new and different. But long-term, I don't think the business has a great chance of succeeding in its current incarnation -- not from a design point of view but from a merchandising point of view. I don't know that the merchandise outperformed the competition.
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Men's wear is certainly a difficult market to be in right now and it needs real help.
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Mervyn's & Marshall Field's continue to implode, and there is no sign of stabilization.
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Purchasing patterns have been changing for a long time. It used to be you bought for Christmas when you bought for back-to-school. Today, there's no reason to buy ahead of your need when you can buy it when you need it at a better price.
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Right now there's no deal on the Gordie Howe project. Obviously it's something we've taken a look at and are looking at, but we haven't made a deal on anything. ... Right now it's just a little too early.
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Target recently generated its highest [comparable] sales in 20 quarters, up 6.6 percent in the first quarter. However, this could represent a high-water mark as sales seem to be slowing and comparisons become much more difficult in the back-half of the year.
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The bottom line at Gap is that despite egregious merchandising, the power of the brand enabled it to clear product at more favorable margin rates than expected.
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The company is spending like it's 1999. While the consumer is in a state of partial paralysis, this may not be the best time to put the expense pedal to the metal.
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