Scott Krugman Quotes

"A good economy isn't an automatic fixer for department stores. To attract customers they need to differentiate themselves. They aren't doing that right now."

"Passing these costs on to consumers is the last option. . . . There's too much competition out there."

"The holiday sales are still going strong despite the end of Christmas. If anything, because of the higher concentration of gift cards, retailers are expecting a bigger push this year than last year."

"Yes there will be sales, but these will be planned sales and not one where everybody blinks at once."

"Inventories are still lean and we'll see item-specific sales similar to last year's level. Also, there are two extra sales days during the holidays. That should help retailers."

"Basically everyone is going to enjoy better sales than they did last year."

"A lot of inventories had been committed to six months out. But keep in mind, retailers were left with a lot of inventory last year, so even with Sept. 11, chances are retailers were in a pretty good spot. Inventories are still lean going into the holiday season."

"It's definitely been an emerging trend. You can give someone a flight into space now if you wanted to ? it'll cost you 5 million bucks ? but the opportunity is there."