60 ordspråk av George Whalin

George Whalin

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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.

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.

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

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.

There isn't going to be any doubt that they're going to close some stores. It may be substantial.

One thing everyone looks at when you get down to that part of the county is how much business you will get from Mexico. That is a very important part of the equation.

We're still trying to figure out what they're doing. The jury is still out on whether Kmart is even going to survive.

Typically, when a mall falls on hard times, it never recovers. They end up being torn down.

They have significant challenges ahead. May stores had a lot of loyal customers, and it won't be easy to convert them.

If they're in the middle of remodeling this shopping center, they're not going to stop until they finish it. They can't realize their investment until they complete construction.

I don't think the union-based special interest groups and the government are two separate issues. I think they're tied together. Now more than ever Wal-Mart is facing a lot of pressure coming from so many different directions. I think that's why Wal-Mart is putting more effort into communicating with the media.

I think the women's business is much tougher than anything else they have been in. It doesn't seem like a natural extension to me. They have begun to get a better selection of merchandise and the business is getting better, but they don't have a real track record here yet.

The department store business has gone through enormous changes in the last 10 years and we aren't through yet. It's a retail format that doesn't have a great future in it. Consumers have decided traditional department stores aren't their favorite places to shop.

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