When you're a cash cow like Federated, you should invest in a growth business and not another buggy whip company.
We had moderate growth in income but we're borrowing our brains out. The most concerning thing is that the level of savings is at less than one percent of personal income,
Wal-Mart over the last five years has been able to grow its same-store sales at 6 to 7 percent. Now that growth has dwindled to 2 or 3 percent. I call this a gigantic change.
Back-to-school has been very soft and therefore prices are coming down. The discount signs are already being made. Both Wal-Mart and Target have had anemic growth over the summer. The only sector that has done well is luxury.
If you are in a no-growth segment or a negative growth segment, your focus has to be on cost-cutting.
I've heard that the Chris Madden line's pulling powerful comparable sales growth for the past six to seven months. This is a category that exploding for Penney and it's also helping boost their monthly sales higher,
The growth of lifestyle centers is absolutely tied to the strong performance of the luxury sector.
There's a lot of speculation about the next growth driver for the company,
There's a lot of speculation about the next growth driver for the company, ... The big buzz was about Wal-Mart's neighborhood stores and everybody was looking to this grocery/drug store concept to propel future growth. Now Wal-Mart said it's slowed down the rollout of these stores.