Wet Seal is a turnaround situation that has been helped by strong industry vendor credit support and solid communications with their vendors.
More Quotes from Richard Hastings:
Gift cards are like proprietary currency issued by a retailer. The intention is to get a potentially new consumer to come in and trade in that currency and try new merchandise. We're seeing retailers across the spectrum doing as much as possible to promote them.Richard Hastings
The additional cash on the balance sheet from the asset sales will put Kmart in a position to further reduce debt and possibly buyback more shares in a move that could boost share prices further, ... At the same time, the big cash position will enable management to look at an attractive range of choices, including the possibility at some point in the future of a major acquisition.
Richard Hastings
New seasonal fashions brought out many apparel shoppers beating our sales expectations for some specialty apparel retailers, ... Overall, the industry is getting better at fixing short-term merchandising missteps, and October's cooler weather certainly brought out favorable reaction from many shoppers.
Richard Hastings
Sears did a superb job on seasonal holiday promotions in circulars and TV ads and enjoyed a strong November. Sears comparable sales gains compares favorably to last year when November 2003 same-store sales were down 3.6 percent,
Richard Hastings
On shopping networks, people model the products, demonstrate how it works and actually make it fun for viewers to associate with what's being shown.
Richard Hastings
It's just a number. Vendors are worried about getting purchase orders, and getting paid. That's a real concern. But investors are worried about getting on the momentum express before it leaves the station.
Richard Hastings
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