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Kurt Barnard Quotes
«This trend is going to be with us for the foreseeable future. Growth will continue and will be very strong, but it will be more moderate than it was last year, ... Make no mistake about it - this growth will continue. Consumer spending will continue to grow, but it's not going to suddenly stop or go back. It will continue at a more reasonable pace.»
Author: Kurt Barnard
«Americans are basically tapped out,»
Author: Kurt Barnard
«It wasn't surprising really. The August same-store numbers really confirm the trend of slowing retail sales and consumer spending, ... August was the back-to-school that wasn't. August and back-to-school doesn't quite have the importance it did a decade ago, but outside of that make no mistake, consumer spending has slowed down and Americans are tapped out.»
Author: Kurt Barnard
«Penney is continuing a three- or four-year downfall,»
Author: Kurt Barnard
«The sales clear evidence of modest consumer spending slow down. We expect a decent holiday sales season, but an unspectacular one. The last three have been spectacular, particularly the last one.»
Author: Kurt Barnard
«plays itself out on Main Street U.S.A. in the form of muted retail sales.»
Author: Kurt Barnard
«There are two conflicting forces at work on the consumer. One is people have jobs, they have money, the unemployment rate is still at a 30-year low of 3.9 percent, a lot of economic circumstances are very, very favorable. A lot of economic circumstances are very, very favorable, people have money and jobs, but they don't have as high a discretionary spending level as they did a year ago.»
Author: Kurt Barnard
«On the one hand he's extremely capable, a very strong manager, administrator and visionary. On the other hand he seems a bit remote from the field, ... He must absolutely acquire the sense of dealing directly with Mr. and Mrs. Consumer. Can he deal with someone who places an order for $10 rather than $10,000 or $10 million?»
Author: Kurt Barnard
«The first half is going to be a very, very difficult one, and at this moment it's going to be impossible to say how the second half is going to be, ... The second half is likely to be better than the first, but remember, most retailers are coming off a very weak Christmas and that puts tremendous pressure on gross margins.»
Author: Kurt Barnard
«This is actually a little worse than I expected, and particularly bad when viewed within the context of a year ago, which was already very weak.»
Author: Kurt Barnard