Consumers are benefiting from a combination of tax stimulus, new products, good apparel fashions and compelling prices.
More Quotes from Richard Hastings:
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.Richard Hastings
As long as people can find the right merchandise, have a job and borrow a little bit, they are going to go shopping. Overall, the holiday season was good. Retailers who had it all nailed down were the winners.
Richard Hastings
The company is showing stable business improvement and there's a higher probability the stock will shoot higher in the near-term.
Richard Hastings
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,
Richard Hastings
Being a public company ain't fun. Retailers are fleeing for the private universe, because they speak a different language than Wall Street analysts. There's a dynamic volatility that retailers are comfortable with, and that really tests their patience when they deal with the urge toward smoothness and predictability that analysts want. There are a lot more people in private investment banking who understand your language.
Richard Hastings
Management is concerned about return on invested capital and return on shareholder equity and that's the focus. Everything else takes a backseat to that.
Richard Hastings
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