It's clear that Wal-Mart is going to offer very sharp price discounts to drive customer traffic. While fourth-quarter sales will be respectable, the lower prices necessary to drive traffic will filter through to earnings that are below the current consensus estimates.
More Quotes from Bill Dreher:
While integration risk is always the greatest concern with mergers, we have a high comfort level that the (Federated) game plan is achievable.Bill Dreher
Given the severity of the storm, we expect that stores in the affected areas could lose up to two days of sales as roads were nearly impossible to navigate.
Bill Dreher
Is all this a solution for the bigger concerns of the American consumers or the local gas station owner No. But it is an example of the company trying to show its heart in the right place.
Bill Dreher
He (Lacy) was dealing with a deceitful department head who sounds like he was hiding some bad news, ... Our feeling is Alan Lacy is being very forthcoming and straightforward with the problems, and is tackling them very aggressively. But we're not convinced that's going to be enough to immediately restore investor confidence in shares.
Bill Dreher
Alternatively, the offer could generate additional interest from outside parties, like private equity companies, thus driving Sears Canada's shares.
Bill Dreher
The companies that are seeing strong gross margin improvements are getting it not from improving their merchandising mix, but from improved buying. Retailers like Wal-Mart and Target are lowering their cost of acquiring products. Sears on the other hand, continues to struggle with the turnaround of its department stores and problems with its credit card unit.
Bill Dreher
Readers Who Like This Quotation Also Like:
While it is clear that we need to make some adjustments to protect Social Security for the long term, it is disingenuous to say that the trust fund is facing a crisis.Carl Levin
Ideological warriors whether from the Left or the Right are bad news for the bench. They tend to make law, not interpret law. And that's not what any of us should want from our judges.
Charles Schumer
I think of these things as obstacles rather than opportunities, because if they were opportunities it means I actually took the business of doing them seriously. To take myself too seriously is the gentle kiss of death.
Leon Redbone