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.
Pet food is something that a lot of people need. Clearly, you are exposed to a lot of other things that are in the store. Let's put it this way: the lady might come into the store to buy pet food and might end up buying pet food and some lipstick.
From what I've seen, Sears is well underway to making itself into a more efficient and a more pleasant-to-shop retail establishment. It is likely to become a powerhouse in the mass-market arena and perhaps look a little bit like a combination of a large discount store and Kohl's.
If you are hooked onto a kind of lipstick, or any other kind of cosmetic, you will go back to that store again and again. And once you do, you're exposed to all the other things that the store carries.
Kohl's did a few things that made the shopping experience easier, ... They introduced shopping carts, centralized checkout counters and an easy-to-shop store layout.
Early indications show that store traffic and the promotional activity is at lower levels than last year at this time. I wouldn't be surprised if many retailers try to get away with selling merchandise at full price.
They are streamlining operations, trying to make it more profitable, productive, ... The real question to my mind is how can they be a full line store without cosmetics?
It was really the department store chains and the apparel retailers that took it on the chin with weak January sales results. But a couple of names in those two groups are guiding higher than expected, predicated on expectations of lower promotional activity going into spring.
E-commerce is growing exponentially, and it is not at all unreasonable to think that simply because the store essentially, or a whole horizon of stores, happens to be right on your desk, that shopping is made so much easier than before,
So far I think he has done quite well under very difficult and trying circumstances, ... He's making the store more appealing and easier to shop, and has been reviewing the product mix for the last several months now and we have seen some very favorable shopper response.
The magnitude of the demand tells the retailer how to act and what to do. If a product is hot, clearly there's not going to be a markdown. But if demand suddenly slackens and there's still a lot of merchandise left in the store on that particular day, they will mark it down.
The magnitude of the demand tells the retailer how to act and what to do, ... If a product is hot, clearly there's not going to be a markdown. But if demand suddenly slackens and there's still a lot of merchandise left in the store on that particular day, they will mark it down.