Quotations
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Richard Hastings Quotes
«But higher costs were enough to hit operating income in the quarter, which grew only 7 percent, compared to a 7.4 growth rate for the comparable nine months. Despite these issues, the quarter held up very well and the holiday quarter should hold up nicely,»
Author: Richard Hastings
«What's holding up the consumer is habit. Until things change in a very material manner, American consumers won't alter their shopping habits significantly. The jobs market is strong and there's been a little bit of improvement in wage growth. I still don't believe that gas prices are high enough to derail consumers. If there is one thing that could shake consumers it's the housing market and not gas inflation.»
Author: Richard Hastings
«They're paying attention to their problems. They are aware that when it comes to store-level execution there are problems and they're paying attention to it.»
Author: Richard Hastings
«Management has been defending the brand. If we look at the last six years, it's become clear that they have made no progress.»
Author: Richard Hastings
«This remains one of the most interesting major retailing case studies in the past 20 years.»
Author: Richard Hastings
«Being a public company ain't fun. Retailers are fleeing for the private universe, because they speak a different language than [Wall Street] analysts. There's a dynamic volatility that retailers are comfortable with, and that really tests their patience when they deal with the urge toward smoothness and predictability that analysts want. There are a lot more people in private investment banking who understand your language.»
Author: Richard Hastings
«Management is concerned about return on invested capital and return on shareholder equity and that's the focus. Everything else takes a backseat to that.»
Author: Richard Hastings
«This is about putting your career on the line. They need to go in there and do something really dramatic to retool the business.»
Author: Richard Hastings
«The assortments weren't there when cold weather snapped back, and shoppers were curious about something other than a bikini to match their mittens.»
Author: Richard Hastings
«All that a week ago was neatly put out there. Today Mother Nature took all of it.»
Author: Richard Hastings