Gap's basic and fashion merchandise is certainly not getting the right mix in order to sell more goods at full price.
More Quotes from Dana Telsey:
Apparel overall is showing a mixed picture. There's been a lot of pressure on the apparel side, particularly among specialty retailers, to keep prices down but we think that situation will improve as the year goes on.Dana Telsey
Comparison would have been even better for some of those retailers if you would have had better weather in the Northeast.
Dana Telsey
As you can see, Christmas is spread out -- not just among December but among January as well. Promotions certainly helped to drive those sales and you can see what the consumer is looking for. It all depend on price.
Dana Telsey
There's concern that earnings estimates will have to be reduced.
Dana Telsey
The holiday season was a little bit choppy. We started off strong, it dipped in the middle, and this last week certainly was the biggest week.
Dana Telsey
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