Quotations
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Richard Hastings Quotes
«We're at an extremely dangerous situation where home heating bills could be shockingly high this winter, ... This is very bad news especially in the northeast part of the country, where the population represents a pretty big chunk of national retail sales.»
Author: Richard Hastings
«We're already seeing heavy markdowns particularly in apparel,»
Author: Richard Hastings
«The risk for Wal-Mart is that as wages improve, consumers will go to alternative retailers such as Home Depot, Gap, Bed, Bath & Beyond or a Best Buy for better quality and more variety of products,»
Author: Richard Hastings
«Electronics is certainly carving a big chunk of money out of the pockets of shoppers, ... Back-to-school is increasingly about how cool is your phone, or how new and cool is your notebook -- that $1,350 notebook -- and students are judging each other by their gizmos at least as much as by their clothing.»
Author: Richard Hastings
«We are not surprised to hear of the sale of 24 Kmart units to Home Depot,»
Author: Richard Hastings
«The additional cash on the balance sheet from the asset sales will put Kmart in a position to further reduce debt and possibly buyback more shares in a move that could boost share prices further, ... At the same time, the big cash position will enable management to look at an attractive range of choices, including the possibility at some point in the future of a major acquisition.»
Author: Richard Hastings
«I expect this number to rise toward the end of the year. At the same time jobs and wages won't rise fast enough to offer relief to already overstretched consumers. This could hurt retail spending in the second-half.»
Author: Richard Hastings
«The pundits that said department stores are dying are wrong, ... This is a different channel. What you get there, in terms of brands and variety, you can't get elsewhere. There's no substitutability.»
Author: Richard Hastings
«We had a strong back-to-school season and discretionary spending on low-priced items has trended higher, ... These are good indications for Halloween, which typically sets the tone for the rest of the holiday shopping season.»
Author: Richard Hastings
«We believe Lewis is the better person to lead a customer-centric business,»
Author: Richard Hastings