He's a brilliant financial engineer, ... His record is always the same: cut costs, sell assets. That's terrific, only that's no way to run a retail business.
He's a brilliant financial engineer. His record is always the same: cut costs, sell assets. That's terrific, only that's no way to run a retail business.
Tommy Hilfiger supplies its clothes to department stores and we all know that that's the weakest channel in retail in terms of sales,
Within the retail industry Federated is known for catering to the classes and May to the masses. For the May customer, it's an opportunity to get more upscale merchandise that a Bloomingdales' customer is familiar with.
Also, most big retail chains placed their Christmas orders months ago and the Christmas inventory was already in the pipeline before (the) SARS (outbreak),
The bigger issue for the entire retail space is that we have a weak economy, unemployment is rampant, corporate spending is down and corporate earnings are not improving.