Quotations
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Richard Baum Quotes
«The worst thing is to carry inventory over. Unless it's wine, it doesn't get better with age. It's basically better to sell it for 10 cents on a dollar than keep it.»
Author: Richard Baum
«There's more art than science to this. Put yourself in their shoes. You don't have a crystal ball. You don't know what to expect.»
Author: Richard Baum
«They have their planned promotions, but they have to be prepared to add some planned promotions in there if business is not happening.»
Author: Richard Baum
«It's very mixed. When you get into an environment like this, the extremes get magnified -- the good do better and the struggling do worse. It's like quicksand.»
Author: Richard Baum
«The one thing that everybody kind of has tucked into the back of their minds is that if there is some sort of event that affects a mall between now and Christmas. It's hard to say whether another plane crash like this is going to have much of an impact yet.»
Author: Richard Baum
«Companies (retailers) are being very cautious about their guidance for the second quarter, so we're not completely taking it to heart that these (strong sales) results will carry through,»
Author: Richard Baum
«If they're not hitting the week's plan, they have to do something.»
Author: Richard Baum
«I know people refer to this as Black Friday, but it's probably a Blue Friday. We think it's going to be a season that'll probably be not as strong as last year, but nonetheless we think the consumer is in pretty good shape.»
Author: Richard Baum
«Gap is experiencing weakness across all its brands, with its merchandise problems exacerbated by its aggressive square footage growth,»
Author: Richard Baum
«They are coming up against a number of uncomfortable facts,»
Author: Richard Baum