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 Kurt Barnard - “It is time that Manhattan got itself its first really splendid discount store, so the sale opens the door to the arrival of Target, or maybe even Wal-Mart.”
 Kurt Barnard - “Consumers are already concerned that the labor market continues to lag behind an economic recovery. They don't really need another negative distraction.”
 Kurt Barnard - “Shelf space is diamond-encrusted gold. It's exposure to the consumer and everyone wants exposure to the consumer. They each had a lot of economic power before, but with the marriage they'll have a lot more power, power to get shelf space, preferred positions, all of that.”
 Kurt Barnard - “There's no question that Kmart is in deep trouble, and how that trouble is going to resolve itself remains to be seen.”
 Kurt Barnard - “There's no question that Kmart is in deep trouble, and how that trouble is going to resolve itself remains to be seen,”
 Kurt Barnard - “Most retail sales were relatively decent, but were achieved with the help of deep markdowns which will show up as heavy pressure on gross margins, and that is going to be reflected in the earnings,”
 Kurt Barnard - “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.”
 Kurt Barnard - “By and large, we're seeing a public that is up to his eyeballs in debt.”
 Kurt Barnard - “Their sales are terrible and their efforts to come up with newness that appeals to consumers and brings them back into the stores are failing. There's absolutely no indication that they have found a road back to health, and while they have very little debt, they do have too many stores. With that kind of a background, it's not difficult to envision a bankruptcy in the foreseeable future.”
 Kurt Barnard - “People are not going to go on buying binges. People are deep in debt and deep in hock.”
 Kurt Barnard - “People are not going to go on buying binges. People are deep in debt and deep in hock,”
 Kurt Barnard - “The bulk of the refund checks will go toward paying off the enormous credit card debt which Americans have currently.”
 Kurt Barnard - “Everything will depend on whether they can get an extension of their credit and possibly additional credit to tide them over. If they don't get the credit, Chapter 11 (bankruptcy) is probably the only way out.”
 Kurt Barnard - “We found out, from talking to consumers and store operators all over the country, that low-dollar items went very fast. Forget about high-end items.”
 Kurt Barnard - “However, retailers shouldn't break out the champagne yet, ... The rebates will have a very modest effect on spending. With a 6.4 percent unemployment rate, there are millions of people in the country with no income except for unemployment and welfare benefits. Millions more are on long-term unemployment, those that simply have stopped looking for work.”
 Kurt Barnard - “Barnard said the weekend's mall and store traffic wasn't enough to change his forecast for same-store sales growth of 3.5 percent. We found out, from talking to consumers and store operators all over the country, that low-dollar items went very fast, ... Forget about high-end items.”
 Kurt Barnard - “If you stash money away in a savings account, then there's less available to buy things in a store, from candy to cars. This is not quite the conventional retrenchment we've known from past recessions, but it may represent a kind of wishy-washy stagnation.”
 Kurt Barnard - “If you stash money away in a savings account, then there's less available to buy things in a store, from candy to cars, ... This is not quite the conventional retrenchment we've known from past recessions, but it may represent a kind of wishy-washy stagnation.”
 Kurt Barnard - “The fashions did not appeal. They were not sufficiently exciting to sweep consumers into the stores, ... translates into a lack of confidence that there will be strong consumer demand in the second half.”
 Kurt Barnard - “Consumers are extremely cautious today, and that caution has not really very much to do with consumer confidence indexes. It's related almost exclusively to one item, one four-letter word jobs.”
 Kurt Barnard - “As consumers become more comfortable with buying from the computer, ... and this new generation that has grown up with the computer comes of age, what we will see is huge dollar amounts of retail sales being transacted on the Web and we will see a lot of stores become increasingly Web stores.”
 Kurt Barnard - “While Saks is trying to make itself even more exclusive and pricing its goods even higher, the Neiman Marcus stores are going in the other direction and trying to attract a larger group of consumers. Today's development shows that competition in the luxury space is being ratcheted up a notch.”
 Kurt Barnard - “There's no question that competition in retailing is rampant and out of hand. It's getting increasingly difficult for companies to keep their heads above water. That's why the industry is getting into gear for more merger activity.”
 Kurt Barnard - “Lampert signaled a long time ago that he wanted a major role for himself in the actual running of the company. That's apparently what he's doing now.”
 Kurt Barnard - “They ought to go private. It makes it easier to make changes and what is more they will not have the personnel problem that always comes when someone totally new steps in and takes over the company.”

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