Last quote by Ken Perkins
Ken Perkins quotes
The question is, is the demand going to come forth and help them drive growth that's not financially engineered.
I expect Wal-Mart will outpace Target. Target has a big price hurdle.
(Kroger) did not drastically cut guidance which has probably provided some support.
This same group kicked off the [first-quarter] retail reporting season in May with less than stellar results that initiated a brief period of 'the sky is falling' mentality. We may be setting up for a similar scenario here in August and would not necessarily read through tough department store results.
It's going to be a continued difficult slog, at least in the first half, against a relatively decent macro backdrop, which has got to be concerning to these guys.
Given that they're [department stores] the first ones out the door, they put a more negative spin on the whole retail landscape.
I don't think they're [consumers] of the same mindset. The sky really was falling in '09.
Earnings (at retailers) remain weak and troublesome.
[Retail's] earnings growth is still limited.
Obviously Macy's was very disappointing after the close yesterday, but not unanticipated. But most everything else that's come in has been relatively good.