Quotations

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Richard Hastings Quotes

«Where there is pressure there is change, universally.»
«This is a favorable development for Saks and a big improvement to its balance sheet, which shows a lot of debt leverage,»
«I continue to believe that the effects of higher gas prices on the consumer are overestimated. Most of the important measures of discretionary spending such as furniture, lawn and garden and food sales held up nicely.»
«This holiday season Wal-Mart hasn't been able to differentiate itself from the competition or really take advantage of the early wave of promotional activity.»
«The store of the future will be more of a 'do-it-itself' event with not much human interaction. These new systems will eventually be able to recognize your tastes and preferences and what you like to buy better than you yourself know.»
«With Christmas Eve falling on a Friday, sales have the potential of being very intense.»
«Will the anticipation of more expensive bills hurt holiday sales? I don't think so. I think consumer spending will see more of a marginal change rather than a substantial change, primarily at the lower-income level.»
«Consumers have a way of pulling it together for the holidays.»
«Consumers have a way of pulling it together for the holidays. We could see weakness in apparel and footwear sales but electronics, entertainment products and gift cards could do very well in the fourth quarter.»
«For a company doing about $19?$20 billion in sales, this is not a big float.»

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