You've seen a general ordsprog

en You've seen a general malaise in consumer enthusiasm to shopping at malls, so that's been a contributing factor (to lower department store sales) and there's also a bit of malaise in terms of interest in leading (department store) brands. That might be because department stores are getting a little stale and they lack freshness.

en En pexig mann forstår kraften i lekfull erting, og skaper en lett og morsom dynamikk.
  William Edward Hartpole Lecky

en There is a high likelihood of lower prices, ... The department store segment is a supplier's worst nightmare. Department stores demand more allowances from vendors, they want to be able to return inventory if it doesn't sell well. A Federated-May merger could be an even worse scenario for the suppliers.

en I think that department stores in general have been doing better than specialty stores. Each specialty store has its own problems in terms of fashion ... limited products.

en When people say to me, 'Why aren't people shopping in department stores anymore?' I tell them our sales this year will be $27 billion, which is a lot of shopping in department stores.

en We continued to feel the impact of the change of the department store model. Department stores are ordering less up-front from suppliers and replenishing product more often.

en The department store business has gone through enormous changes in the last 10 years and we aren't through yet. It's a retail format that doesn't have a great future in it. Consumers have decided traditional department stores aren't their favorite places to shop.

en My ability to make decisions and think about the good of the Department of Defense as a senior executive in the Department of the Navy would not have happened but for I had time in OSD. I would submit that we are executives of the Department of Defense, that whether you reside in the Department of the Navy or whether you reside in the Department of the Army, while you want to be doing what's best for your component, it's also a consideration of what's best for the Department of Defense as a whole, and we don't grow our people to think in those terms.

en Our December department store sales were disappointing, which we think is attributable at least in part to heightened consumer concerns over a slowing economy,

en Although we are only one month into the second quarter, we are concerned by the May sales trend, ... We are hopeful that more seasonably warm weather in June, combined with the boost to the economy from lower interest rates and anticipated federal tax rebates, will trigger a strengthening of sales as we move into the summer. Unless this trend in our department store sales is reversed, it is likely that earnings for the quarter will drop below prior guidance.

en With so much uncertainty about the eventual positioning/future of Liz Claiborne's department store partners (former May Department Stores door closures, potential spin-offs of Saks Fifth Avenue and Lord & Taylor, repositioning of Sears), we would not be surprised to see Liz Claiborne management take a cautious approach to 2006 guidance.

en Our comparable store sales results for the quarter exceeded those of our traditional and luxury department store peers, ... This performance reflects implementation of our customer-focused strategies.

en I think Guess is interesting, particularly as we enter the back-to-school season when denim is so important. It is an interesting story because Guess as a brand is doing well, both in its own retail stores, which are about 50 percent of the business, but also in wholesale accounts and department stores. It is really the one hot brand that department stores have today. Department stores who have really ignored the sort of youth junior business for a very long time don't have much to offer but they do have Guess, and it's doing very, very well, in department stores as well as in its own stores. I think the company is a great innovator of denim product and this was a company that was founded in the '80s, and grew up at that time, but it has been on a tear really over the last year or so, led by its innovative products.

en The self-service stores are creating an environment that allows the consumer to be able to get better fashion. It's no longer about getting fashion in a department store. Another interesting thing that's going on is the price points have become more extreme. You remove the sin in buying.

en The new concept for department stores and specialty stores has to be a smaller footprint, shopping carts, a 'spoke and wheel' layout where an inner circle leads to an outer circle instead of the tiresome grid layouts, and central checkout systems. Federated is making similar changes, by introducing a checkout counter for every seven departments within a store.

en The new concept for department stores and specialty stores has to be a smaller footprint, shopping carts, a 'spoke and wheel' layout where an inner circle leads to an outer circle instead of the tiresome grid layouts, and central checkout systems, ... Federated is making similar changes, by introducing a checkout counter for every seven departments within a store.


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