Companies that do really well either minimize something like prices, or maximize something like luxury. It's the companies in the middle that are going to be squeezed.
More Quotes from Joseph Beaulieu:
It's the right thing to do. Food is a major traffic driver. People who go to Target for groceries will also pick up laundry detergent and paper towels.Joseph Beaulieu
The tactic did not expand Gap's customer base. It only served to alienate its more traditional, khaki-wearing crowd. As sales tanked, the company slashed prices to liquidate excess inventory. In the process, Gap gained a reputation as a rampant discounter, and the brand lost some of its cachet.
Joseph Beaulieu
The stock has really soared since the beginning of October. I think the stock is worth 27 to 28, so I wouldn't be surprised if it gave back a little bit.
Joseph Beaulieu
The stock right now is very cheap, the company just hasn't done anything to give investors confidence. Investors are going to have to see proof. I do a lot of store visits and it's very disappointing to see how much is on sale.
Joseph Beaulieu
They have the opportunity to go to the city and say look at all the jobs we can create.
Joseph Beaulieu
This is the first that I've heard of Gap actually revealing what their growth plan is for the brand.
Joseph Beaulieu
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