Richard Hastings Quotes


25 Richard Hastings quotes:



"It's basically the same formula that we saw last year because once again there's an absence of a must-have item,"
Author: Hastings Quotes Category: Absence Quotes
"I'm expecting the holidays to be a stimulating environment for (sales) growth, ... But the deeper discounts could also mean that profit margins will be off for some retailers."
"I continue to believe that the effects of higher gas prices on the consumer are overestimated. Most of the important measures of discretionary spending such as furniture, lawn and garden and food sales held up nicely."
Author: Hastings Quotes Category: Believe Quotes
"The consumer is jittery. Rising debt levels, inflation and higher gasoline prices are all real threats and a drag on spending."
Author: Hastings Quotes Category: Debt Quotes
"Our recent visits to some stores indicate better controls over displays, clutter, and shelf appearance, necessary steps to stabilize store aesthetics in support of their apparel initiatives."
"Retailers know that many people will wait until after Christmas for the big purchases. So they don't want to go too far into the holidays with excess inventory that they eventually will heavily discount."
Author: Hastings Quotes Category: Christmas Quotes
"January is not just clearance month anymore. It's winter-season full-price selling, because Christmas and holiday merchandising is really promotional. These days, that's when you see the really deep discounts."
Author: Hastings Quotes Category: Christmas Quotes
"Retailers have very big orders from vendors ready for delivery right before and right after Christmas. They want to look really, really good. That's when they come out with the richest displays of winter merchandise, and it culminates with Valentine's Day."
Author: Hastings Quotes Category: Christmas Quotes
"I think it's kind of funny they're changing roles, but I'm also getting the impression that, over the past two years, there seems to be a trend to moving top management around so they get more well-rounded experience. I think that's a good move and maybe a part of the company's succession plan."
Author: Hastings Quotes Category: Funny Quotes
"But higher costs were enough to hit operating income in the quarter, which grew only 7 percent, compared to a 7.4 growth rate for the comparable nine months. Despite these issues, the quarter held up very well and the holiday quarter should hold up nicely,"
Author: Hastings Quotes Category: Income Quotes
"It's great if you attract lower income shoppers looking for low prices, but what if those shoppers who were really struggling between 2000 and 2003 now have jobs? They might be spending more and looking for different merchandise...maybe something Wal-Mart doesn't have,"
Author: Hastings Quotes Category: Income Quotes
"It's great if you attract lower income shoppers looking for low prices, but what if those shoppers who were really struggling between 2000 and 2003 now have jobs? They might be spending more and looking for different merchandise...maybe something Wal-Mart doesn't have."
Author: Hastings Quotes Category: Income Quotes
"Gift cards are like proprietary currency issued by a retailer. The intention is to get a potentially new consumer to come in and trade in that currency and try new merchandise. We're seeing retailers across the spectrum doing as much as possible to promote them."
Author: Hastings Quotes Category: Intention Quotes
"I expect this number to rise toward the end of the year. At the same time jobs and wages won't rise fast enough to offer relief to already overstretched consumers. This could hurt retail spending in the second-half."
Author: Hastings Quotes Category: Jobs Quotes
"Unlike Europe, Asian markets are more receptive to big-box formats, ... The model of relationships between households, labor, production, the market and resources are more easy to replicate there."
Author: Hastings Quotes Category: Labor Quotes
"One area of trouble in consumer spending is households and individuals with weakening credit profiles. So far it's not yet a majority of households but the number of consumers in credit distress is on the increase. That's something to keep an eye on,"
Author: Hastings Quotes Category: Trouble Quotes
"If trade relations between the United States and China begin to deteriorate, and the dollar declines in a disorderly manner, then a minor thing such as raw cotton prices could become very important,"
Author: Hastings Quotes Category: Trade Quotes
"All that a week ago was neatly put out there. Today Mother Nature took all of it."
Author: Hastings Quotes Category: Mother Quotes
"July sales were weaker than expected. Summer can be a volatile season for retailers but I am a little surprised by the weakness in apparel. I'll be keeping an eye on discretionary spending going forward."
Author: Hastings Quotes Category: Sales Quotes
"If spending on durable goods slows down, it could also weaken sales of consumer electronics, especially on big ticket items that have a higher profit margin but are interest rate sensitive."
Author: Hastings Quotes Category: Sales Quotes



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