Forever 21 has the option to operate either a second format or convert those Gadzooks stores into its own brand,
More Quotes from Neil Stern:
An attractive aspect of this for them is that Albertson's owned a lot of the land under their stores. But there could be multiple reasons for buying these stores, including generating cash flow, the value of the real estate or to spin them off to another buyer.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
It's almost a throwback concept. They're very clean stores. They're wholesome very much focused on comfort food. They have very much a family orientation a good mix of families and young kids.
Neil Stern
It's a very small company right now but its got the right idea of providing a one-stop shop for specialty products catering to expectant mothers and young children,
Neil Stern
If anybody can pull this off, it's Federated and it's Terry Lundgren and his leadership team.
Neil Stern
Financially, it's not a bad quarter. The concern from a retail perspective is that top-line sales number. It's not where you want to be as an ongoing, viable retailer. ... Long-term, you don't want to be losing customers.
Neil Stern
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