NS

Neil Stern

30quotes

Quotes by Neil Stern

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All the merchandise in Five Below is under $5, whether it's toys, sporting goods, novelty items or accessories, ... This is a retail concept that can potentially grow very, very fast.
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A national place to register and buy wedding gifts is a huge advantage.
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A name is just a name. We have to see what the new Sears Grand format will sell and at what price. We'll have to see what the changes are.
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An attractive aspect of this for them is that Albertson's owned a lot of the land under their stores. But there could be multiple reasons for buying these stores, including generating cash flow, the value of the real estate or to spin them off to another buyer.
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This is a company that came from Rochester, N.Y., ... It's not like they came from New York City or some sophisticated place. A lot of their stores are in middle-of-the-road places. In the past five or six years, they've realized if they can get a combination of density -- a lot of people -- and income, that that's where they shine.
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In one deal, it makes Supervalu a major national player.
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If you do that kind of advertising, you better be able to execute at the store level. If you don't, you're really going to lose those customers.
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Their format is not only capital-intensive, it's people-intensive. Literally, they can't train people fast enough. Even if they have access to capital, from a human resources standpoint, they can't grow any faster.
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The volume is there, but the chain stores have to adapt their practices.
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It's perceptually indicative of how a brand is performing. If it's going down, that means their satisfaction is going down.
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