Charlie O'Shea

We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Charlie O'Shea is associated, including China, Wal-Mart, and retail. Most recently, Charlie O'Shea has been quoted saying: “Best Buy's ability to expand margins in [the fourth quarter] in the face of what we characterized as one of the most promotional holiday seasons we have seen in the last 15 years, especially in Best Buy's key product categories, is impressive.” in the article Best Buy shares tumble 8 percent as revenue, outlook fall short.

Charlie O'Shea quotes

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Best Buy's ability to expand margins in [the fourth quarter] in the face of what we characterized as one of the most promotional holiday seasons we have seen in the last 15 years, especially in Best Buy's key product categories, is impressive.

We also believe that Target's decision to absorb some hits to profits in 2017 due to price investments, and the acceleration of investments in physical assets and new brands, as well as online, are sensible long-term strategic moves to enhance its competitive position, and recognize the changing landscape of retail.

Target's decision to absorb some hits to profits in 2017 due to price investments, and the acceleration of investments in physical assets and new brands, as well as online, are sensible long-term strategic moves to enhance its competitive position, and recognize the changing landscape of retail. Due to its historically balanced and disciplined financial policy, we believe Target has the wherewithal from a credit perspective to bite the short-term profitability bullet that will result from this strategy.

We believe Wal-Mart is continuing to generate critical and increasing traction online.

You go in there, and the classic example [is], I went in to buy this, and I spent 400 bucks. I find it very hard to find anything negative to say about Costco.

We believe Amazon, Wal-Mart, Target and Best Buy are well-positioned as we head into the final leg of the holiday season. We stress that holiday is a marathon, not a sprint, so there are a lot of miles left to run.

In some cases when you are very seasonal and you're under attack, in order to defend your year-round... position, you have to be competitive.

Best Buy's third quarter of online growth... continues to validate the company's multi-channel transformation.

What we've seen is no matter how bad the economy is, we always have a Christmas. [But] there are a lot of variables here.

You just spent $3.3 billion accruing this asset. You've got to maximize it ... and that's what they're doing.

S decision makes even more sense in the scope of its Jet deal, which closed last month, O.

I don't think any retailer that is savvy and gets it is building new stores and not having least almost a full one eye on where it fits in a multi-channel strategy. Everybody's probably thinking that way and if not, they probably should be.

You extend the brand and you deepen the relationship with consumers.

The only potential 'non-losers' may be the retailers that typically benefit from the 'trade-down' effect.

Total retail sales including vehicles roughly exceeds $4 trillion in 2016. The very high level of debt repayment is money that could be spent elsewhere in the economy.

These guys aren't just kind of sitting there and letting the world do what it wants to do. Amazon's got this huge lead. That lead is going to be tough to relinquish but there's a lot of [share] out there.

This acquisition in tandem with its joint-venture in China with JD.com, demonstrates that Wal-Mart is attacking online retail with significant zeal. As we believe 'catching' Amazon online is an unrealistic goal for any brick-and-mortar retailer, Wal-Mart now has a definite leg up on its competitors in the very important race to be No. 2 online.

I've always wondered why it's taken so long to cull the U.S. store base because they really haven't done much of it over the past several years.

One major takeaway for us is Best Buy's discipline thus far surrounding pricing, as it does not appear the company was chasing low-margin sales.

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