15 Quotes by Joseph Beaulieu

This is a business in the middle of a turnaround. It's no surprise they had pretty miserable comps for the fourth quarter.

They have the opportunity to go to the city and say look at all the jobs we can create.

It's the right thing to do. Food is a major traffic driver. People who go to Target for groceries will also pick up laundry detergent and paper towels.

Gap isn't a growth story anymore. Its new fourth store concept targeting the 35-and-older customer will give it some growth. But essentially the important thing for the retailer to do now is to stay the course, fix the fashion issues, make operational improvements, close underperforming stores, manage inventory and generate cash.

I don't see anything mitigating that, except people taking money out of homes. The negative savings rate means most consumers won't be able to dig deeper into cash supplies.

I don't think these companies results have merited getting hit this hard, but investors are getting concerned with consumer spending as we move into the all-important Christmas season.