30 Quotes by Neil Stern

What they've done is buy themselves some time. The challenge is, how long does it last? If you're still losing sales, those stores that are profitable today won't be profitable tomorrow.

Sears is a store that is designed for suburbia. They sell a lot of things like major appliances, barbecues and power tools that intrinsically go to people with bigger houses and garages and room to put this stuff.

Sears is a store that is designed for suburbia, ... They sell a lot of things like major appliances, barbecues and power tools that intrinsically go to people with bigger houses and garages and room to put this stuff.

If anybody can pull this off, it's Federated and it's Terry Lundgren and his leadership team.

I think their strategy is to be as ubiquitous as Walgreen's. They're a very good operator, a formidable rival to Walgreen's.

Tommy Hilfiger came in and created 300 shops. Now every one of the department store anchors has a Tommy shop and a Liz shop. It gave vendors more control, and it also was a real estate grab. There was no real defined reason to go to Marshall Field's because it has X, X and X that Carson's doesn't have.

Financially, it's not a bad quarter. The concern from a retail perspective is that top-line sales number. It's not where you want to be as an ongoing, viable retailer. ... Long-term, you don't want to be losing customers.

What they are finding so far internationally, is that when they have gone into a country and acquired or partnered with a successful established retailer they have done very well.

Every retailer is looking to generate more trips. It's certainly not a profit driver; it's being used as a traffic driver.