31 ordspråk av Neil Stern

Neil Stern

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A name is just a name. We have to see what the new Sears Grand format will sell and at what price. We'll have to see what the changes are.

A national place to register and buy wedding gifts is a huge advantage.

It's perceptually indicative of how a brand is performing. If it's going down, that means their satisfaction is going down.

Their format is not only capital-intensive, it's people-intensive. Literally, they can't train people fast enough. Even if they have access to capital, from a human resources standpoint, they can't grow any faster.

They sort of crept over the border from the north, and are now sort of expanding into the northern suburbs and western suburbs.

It's almost a throwback concept. They're very clean stores. They're wholesome; very much focused on comfort food. They have very much a family orientation; a good mix of families and young kids.

All the merchandise in Five Below is under $5, whether it's toys, sporting goods, novelty items or accessories, ... This is a retail concept that can potentially grow very, very fast.

It's a very small company right now but its got the right idea of providing a one-stop shop for specialty products catering to expectant mothers and young children,

There's definitely a few strong performers out there that have stayed under the radar.

This is a company that came from Rochester, N.Y., ... It's not like they came from New York City or some sophisticated place. A lot of their stores are in middle-of-the-road places. In the past five or six years, they've realized if they can get a combination of density -- a lot of people -- and income, that that's where they shine.

It's the ultimate credibility to say, 'Go see who we are,'

If anybody can pull this off, it's Federated and it's Terry Lundgren and his leadership team.

Financially, it's not a bad quarter. The concern from a retail perspective is that top-line sales number. It's not where you want to be as an ongoing, viable retailer. ... Long-term, you don't want to be losing customers.

It's about personalization. And it's very easy, so anyone can do it and not be intimidated.

What they've done is buy themselves some time. The challenge is, how long does it last? If you're still losing sales, those stores that are profitable today won't be profitable tomorrow.

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