We're optimistic for the retail sector this fall. We think that the consumer will come back into stores. July is primarily a clearance month, and we think we have accomplished what had to be done in July, liquidating all the spring merchandise. So, the stores are well positioned, - Richard Jaffe Quotes
We're optimistic for the retail sector this fall. We think that the consumer will come back into stores. July is primarily a clearance month, and we think we have accomplished what had to be done in July, liquidating all the spring merchandise. So, the stores are well positioned, Richard Jaffe
 

More - Richard Jaffe Quotes

Recycling what has worked in the past is a defensive strategy that is working, and it has reversed sales declines for the retailer. - Richard Jaffe Quotes

Recycling what has worked in the past is a defensive strategy that is working, and it has reversed sales declines for the retailer.

Richard Jaffe

 Past
The Gap has two challenges, - Richard Jaffe Quotes

The Gap has two challenges,

Richard Jaffe

 Challenges
They focused the store too sharply on fashion, let go on the basics, and their fashion didn't work. By selling low-rise jeans and mechanics jeans to hip 24-year-olds, you're alienating me and worse yet, you weren't able to catch that hip 24-year-old. - Richard Jaffe Quotes

They focused the store too sharply on fashion, let go on the basics, and their fashion didn't work. By selling low-rise jeans and mechanics jeans to hip 24-year-olds, you're alienating me and worse yet, you weren't able to catch that hip 24-year-old.

Richard Jaffe

 Fashion
They are very strong retailers. - Richard Jaffe Quotes

They are very strong retailers.

Richard Jaffe

 
There's no question things are stinky at Gap, but to say fourth-quarter results will be so bad as to cause them to violate their debt covenant is a huge stretch of the imagination. - Richard Jaffe Quotes

There's no question things are stinky at Gap, but to say fourth-quarter results will be so bad as to cause them to violate their debt covenant is a huge stretch of the imagination.

Richard Jaffe

 
That's pretty dismal, ... My sense is September is not going to be much better. - Richard Jaffe Quotes

That's pretty dismal, ... My sense is September is not going to be much better.

Richard Jaffe

 
When you do that, The Gap declares victory. The Web site has just succeeded in getting you into the store. - Richard Jaffe Quotes

When you do that, The Gap declares victory. The Web site has just succeeded in getting you into the store.

Richard Jaffe

 Victory
We'll look at it. - Richard Jaffe Quotes

We'll look at it.

Richard Jaffe

 
If we don't see Pressler departing, the stock treads water. - Richard Jaffe Quotes

If we don't see Pressler departing, the stock treads water.

Richard Jaffe

 
We continue to believe that the company has been making incremental improvements in its product offerings at all divisions, ... We believe that fall and holiday assortments are largely complete, and that most marketing and merchandising decisions have been made and implemented. - Richard Jaffe Quotes

We continue to believe that the company has been making incremental improvements in its product offerings at all divisions, ... We believe that fall and holiday assortments are largely complete, and that most marketing and merchandising decisions have been made and implemented.

Richard Jaffe

 Company
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