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.
More Quotes from Neil Stern:
I think their strategy is to be as ubiquitous as Walgreen's. They're a very good operator, a formidable rival to Walgreen's.Neil Stern
Sears is a store that is designed for suburbia. They sell a lot of things like major appliances, barbecues and power tools that intrinsically go to people with bigger houses and garages and room to put this stuff.
Neil Stern
A national place to register and buy wedding gifts is a huge advantage.
Neil Stern
If you do that kind of advertising, you better be able to execute at the store level. If you don't, you're really going to lose those customers.
Neil Stern
Forever 21 has the option to operate either a second format or convert those Gadzooks stores into its own brand,
Neil Stern
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.
Neil Stern
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