I think they made a lot of fashion changes, but there's been a general malaise in women's fashion apparel. What's somewhat concerning here is that Nordstrom has transitioned totally to fall merchandise. The question is, is the earlier fashion not on target, or is the consumer really concerned about the rising gas prices? - Steve Kernkraut Quotes
I think they made a lot of fashion changes, but there's been a general malaise in women's fashion apparel. What's somewhat concerning here is that Nordstrom has transitioned totally to fall merchandise. The question is, is the earlier fashion not on target, or is the consumer really concerned about the rising gas prices? Steve Kernkraut
 Fashion

More - Steve Kernkraut Quotes

I think they're only in the first or second inning of a turnaround. They've done a miraculous job, but I think there's much more to come. - Steve Kernkraut Quotes

I think they're only in the first or second inning of a turnaround. They've done a miraculous job, but I think there's much more to come.

Steve Kernkraut

 
The early November period was rather sluggish but the good news is that the Thanksgiving weekend was superb and that really set the momentum for the holiday season. - Steve Kernkraut Quotes

The early November period was rather sluggish but the good news is that the Thanksgiving weekend was superb and that really set the momentum for the holiday season.

Steve Kernkraut

 News
The numbers that came out were surprisingly strong. You have to walk away impressed with what they've been able to do in a short amount of time. - Steve Kernkraut Quotes

The numbers that came out were surprisingly strong. You have to walk away impressed with what they've been able to do in a short amount of time.

Steve Kernkraut

 
I think the retail sector is a great sector to buy because they don't have any of these Asian flu syndrome. I mean, all the things that are happening in Asia right now are positive to retailers because a lot of these retailers -- their cost will go down and they'll be able to bring goods into the United States at a lower...cost basis. - Steve Kernkraut Quotes

I think the retail sector is a great sector to buy because they don't have any of these Asian flu syndrome. I mean, all the things that are happening in Asia right now are positive to retailers because a lot of these retailers -- their cost will go down and they'll be able to bring goods into the United States at a lower...cost basis.

Steve Kernkraut

 
Thanksgiving weekend was strong and that lifted a lot of the retailers' results. I think they have momentum going into the holiday season. - Steve Kernkraut Quotes

Thanksgiving weekend was strong and that lifted a lot of the retailers' results. I think they have momentum going into the holiday season.

Steve Kernkraut

 Thanksgiving
The expectation is that it's going to be a very disappointing season. Business never materialized, and when it did, it was right around Christmas. It was too little, too late, and I think it became way too promotional. - Steve Kernkraut Quotes

The expectation is that it's going to be a very disappointing season. Business never materialized, and when it did, it was right around Christmas. It was too little, too late, and I think it became way too promotional.

Steve Kernkraut

 Business
They must do something that's going to leverage traffic in the mall. They can't get totally away from fashion. They've got to come up with something else whether its making the jewelry area bigger or making the denim area bigger. - Steve Kernkraut Quotes

They must do something that's going to leverage traffic in the mall. They can't get totally away from fashion. They've got to come up with something else whether its making the jewelry area bigger or making the denim area bigger.

Steve Kernkraut

 Fashion
I think you're seeing strength in the department stores, but more so than just the department stores, the specialty apparel stores that have a more focused brand. - Steve Kernkraut Quotes

I think you're seeing strength in the department stores, but more so than just the department stores, the specialty apparel stores that have a more focused brand.

Steve Kernkraut

 Strength
The consumer in America is just spending and they're spending with abandon. It's very hard to find a pocket . . . where the consumer is not spending. - Steve Kernkraut Quotes

The consumer in America is just spending and they're spending with abandon. It's very hard to find a pocket . . . where the consumer is not spending.

Steve Kernkraut

 America
They reported much better earnings than we suspected. It was all based on Fingerhut being better than plan. Department stores were actually below plan, so the quality of that (earnings) improvement reflects better delinquency rates than anticipated. - Steve Kernkraut Quotes

They reported much better earnings than we suspected. It was all based on Fingerhut being better than plan. Department stores were actually below plan, so the quality of that (earnings) improvement reflects better delinquency rates than anticipated.

Steve Kernkraut

 
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