75 Quotes by Richard Hastings

Mass merchandising and discount retailing is moving in a big way toward private labels and exclusive designer brands, ... That Wal-Mart is rumored to be contemplating something like this is logical, given the trend in the industry.

July sales were weaker than expected. Summer can be a volatile season for retailers but I am a little surprised by the weakness in apparel. I'll be keeping an eye on discretionary spending going forward.

Management has been defending the brand. If we look at the last six years, it's become clear that they have made no progress.

Management is concerned about return on invested capital and return on shareholder equity and that's the focus. Everything else takes a backseat to that.

The assortments weren't there when cold weather snapped back, and shoppers were curious about something other than a bikini to match their mittens.

Will the anticipation of more expensive bills hurt holiday sales? I don't think so. I think consumer spending will see more of a marginal change rather than a substantial change, primarily at the lower-income level.

We're already seeing heavy markdowns particularly in apparel,

Unlike Europe, Asian markets are more receptive to big-box formats, ... The model of relationships between households, labor, production, the market and resources are more easy to replicate there.

We are not surprised to hear of the sale of 24 Kmart units to Home Depot,