Kurt Barnard Finally Quotations

Kmart's earnings were lower than a year ago, and the reason why they were lower is because there is a lot of money being invested in infrastructure. But it's going to pay huge dividends in the future, ... Kmart is finally very excellently positioned to turn around and create a very strong place in the sun.

Whatever they've tried is not working. It's really a matter of how they have tried to do things, ... J.C. Penney management is essentially a multi-headed hydra. It's the kind of situation where decisions have been made very, very slowly, and after a decision has finally been made, the need for the decision is gone.

Remember, there are still over 2 million unemployed workers and over 5 million are on part-time jobs. Christmas will be moderately better simply because last year was so bad. But unless this jobs picture improves, it's hard to say that the retail industry has finally turned the corner.

I still say don't get your hopes up for the holidays, ... Yes, the specialty retailers did exceedingly well. Yes, the department stores look like they finally are getting their act together and yes, the discounters again came through with flying colors.

I still say don't get your hopes up for the holidays. Yes, the specialty retailers did exceedingly well. Yes, the department stores look like they finally are getting their act together and yes, the discounters again came through with flying colors.

We have had a series of rate increases since last year, and so far we have not felt any impact on retailing off all of these increases. However, eventually something will have to give. I would predict that, say towards the end of the year, the fourth quarter, the very all-important holiday fourth quarter, we are going to see that the rate increases will finally take a bite. And that could be a comfort to retailing.

While it's true that Sears is stuck in a sales slump for a long time, the retailer has also been in a restructuring mode, ... By getting rid of the credit business, it can finally devote all its resources to its core business. I'm convinced Sears will deliver impressive results in the next six to 12 months.

The weather was a factor and the effects of higher gasoline prices are finally catching up with retailers at the registers. Beyond that, I think we're likely to see softness for the next two to three months.