I think their strategy is to be as ubiquitous as Walgreen's. They're a very good operator, a formidable rival to Walgreen's.
More Quotes from 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
All the merchandise in Five Below is under 5, whether it's toys, sporting goods, novelty items or accessories, ... This is a retail concept that can potentially grow very, very fast.
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
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
A national place to register and buy wedding gifts is a huge advantage.
Neil Stern
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