23 ordspråk av Steve Kernkraut

Steve Kernkraut

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Most stores are filled with polar fleece and sweaters, but in 85-degree heat when people are wearing shorts, it's hard to sell those items.

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.

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.

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.

The September numbers were generally on track, there were pockets of strength and there were some weaknesses. The numbers overall were not horrendous, but overall certainly the outlook could have more of a negative backlash from the higher oil prices.

I think this is a good move, the right move to make.

I'm optimistic that there has been some uplift to business trends.

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?

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.

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.

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?

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.

We're in a marketplace where any kind of negative signal worries people. The same way some of the tech companies caused a ripple, I think investors hear Lowe's issue a warning, hear what's going on with one of the great players in the sector, and they get nervous.

Thanksgiving weekend was strong and that lifted a lot of the retailers' results. I think they have momentum going into the holiday season.

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.

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