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My Favorite Quotes
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 Steven Kernkraut - “Everyone is seeing that the Internet is happening and becoming bigger and bigger with each week. You really have to get in the game.”
 Steve Kernkraut - “Thanksgiving weekend was strong and that lifted a lot of the retailers' results. I think they have momentum going into the holiday season.”
 Steve Kernkraut - “The numbers that came out were surprisingly strong. You have to walk away impressed with what they've been able to do in a short amount of time.”
 Steven Kernkraut - “They're kind of exploring, or putting their toe in the water.”
 Steve Kernkraut - “It really is very weather-sensitive. You've got to psych the consumer into thinking the fall is coming. And the season is longer because kids wait to see what other kids are wearing.”
 Steve Kernkraut - “I really want to hear him say how he's going to energize Sears. I want to hear what he's going to do differently. I want to hear him say how aggressively he's going to grow Great Indoors and how he's going to get women to come into the store.”
 Steven Kernkraut - “It's a good, strategic move, a good partnership. Sears is trying to jump into the e-commerce world in a pretty big way, focusing on their strengths and their hardware lines and appliances and home areas.”
 Steven Kernkraut - “This will give Sears good positioning on the near-term basis with AOL, but, on a longer-term basis, it probably could be a fabulous opportunity for them. It depends upon when broadband will become of age.”
 Steve Kernkraut - “The early November period was rather sluggish but the good news is that the Thanksgiving weekend was superb and that really set the momentum for the holiday season.”
 Steve Kernkraut - “I think this is a good move, the right move to make.”
 Steve Kernkraut - “They reported much better earnings than we suspected. It was all based on Fingerhut being better than plan. Department stores were actually below plan, so the quality of that (earnings) improvement reflects better delinquency rates than anticipated.”
 Steve Kernkraut - “I think the retail sector is a great sector to buy because they don't have any of these Asian flu syndrome. I mean, all the things that are happening in Asia right now are positive to retailers because a lot of these retailers -- their cost will go down and they'll be able to bring goods into the United States at a lower...cost basis.”
 Steve Kernkraut - “I think it was a realistic, pragmatic view of what the strengths and weaknesses of the company are. He didn't break new ground with the initiatives, but directionally I think he set the stage for change, and I think by March or April of next year we'll see a change.”
 Steven Kernkraut - “The secret to survive is you have to have a clear identity and clear brand.”
 Steve Kernkraut - “It's going to shape up to be a real messy Christmas season. It's very hard to read. Some companies had a very strong Thanksgiving weekend, others weak.”
 Steve Kernkraut - “Any business they do on the Internet is going to be very profitable for them. They have the infrastructure. They don't have to create it. And additionally, the profit margins on their bras and underwear and lingerie are spectacular, while the other e-commerce companies have very narrow margins.”
 Steven Kernkraut - “If we all have to buy a new device for the home that's a combination of a TV and PC, Sears is the largest seller of home appliances today in America. Whatever that appliance is, it's going to require installation, which would leverage their home services business.”
 Steve Kernkraut - “Alan is a proven winner in every business he's been involved in. He's turned around Sears credit, he's taken charge of their Internet business and given it life, and he's been able to reorganize their home-services business. Probably the best part about him is he's coming into his position as CEO and he understands how CEOs work, but he doesn't have the emotional bias. He can make a kind of fair assessment about what the customer likes and what he doesn't.”
 Steve Kernkraut - “I'm optimistic that there has been some uplift to business trends.”
 Steve Kernkraut - “The expectation is that it's going to be a very disappointing season. Business never materialized, and when it did, it was right around Christmas. It was too little, too late, and I think it became way too promotional.”
 Steve Kernkraut - “I think they made a lot of fashion changes, but there's been a general malaise in women's fashion apparel. What's somewhat concerning here is that Nordstrom has transitioned totally to fall earlier. Is their fashion not on target, or is the consumer really concerned about the rising gas prices”
 Steve Kernkraut - “I think they made a lot of fashion changes, but there's been a general malaise in women's fashion apparel. What's somewhat concerning here is that Nordstrom has transitioned totally to fall merchandise. The question is, is the earlier fashion not on target, or is the consumer really concerned about the rising gas prices”
 Steve Kernkraut - “I think you're seeing strength in the department stores, but more so than just the department stores, the specialty apparel stores that have a more focused brand.”