Quotations
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Bill Dreher Quotes
«We believe our competitors have shown irrational exuberance with Christmas forecasts, ... We believe the average consumer is worried about higher gasoline prices, jobs and doesn't believe he will benefit from the stock market. With this climate, if you're just a 'me-too' retailer, you'll be in a world of hurt. The department stores will suffer but the discounters Wal-Mart and Target will do well.»
Author: Bill Dreher
«Kohl's is having a major disconnect with its customers, ... The company's inventory growth is outpacing sales and I think their problems will continue into the fourth quarter and even the first quarter next year.»
Author: Bill Dreher
«Even though Wal-Mart is definitely in a better position than most retailers to absorb any shortfalls, others could be in for a very tough period ahead.»
Author: Bill Dreher
«We knew Sears was going to have some rough sledding ahead but what's obvious now is that it's going to be a lot rougher than anticipated,»
Author: Bill Dreher
«Wal-Mart's cautious comments are warranted, ... Even though its problems are not company-specific, it does bode badly for the profits and sales across the retail chain in the back half of the year.»
Author: Bill Dreher
«We have always been skeptical of their reverting back to their blue light roots in the stores and on the Web, ... Instead of emphasizing every-day low prices, it appears to emphasize one-time grab-bag bargains, which is not what the consumer wants right now.»
Author: Bill Dreher
«Wal-Mart's management is rather conservative, but it sounds upbeat about the future. I'm very confident that if the economy improves, the company could surpass its own guidance for the rest of the year.»
Author: Bill Dreher
«There's very little excuse for anyone posting weak sales right now, ... If that is happening, it because of company specific excuses. The macro environment overall is very strong. The first month of the quarter got a stellar start and that usually put a lock on the rest of the quarter. Retailers should post improved earnings going forward.»
Author: Bill Dreher
«While Kohl's is expected to steal market share from Mervyn's, it should be limited to 1 to 2 percent of total division shares,»
Author: Bill Dreher
«Wal-Mart continues to show strong momentum and operating performance, ... Its food and apparel sales did well, which fits in with our thesis that Wal-Mart is really taking on the supermarkets. By adding new apparel name brands like Levi's, I think it's in a position to see tremendous success in apparel too.»
Author: Bill Dreher