Richard Baum Quotes
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Slower | Consumer | Electronics | Furnishings | Strong |
It was a little bit slower than it has been, but consumer electronics and home furnishings are still very, very strong... If we were truly in a secular slowdown, we would see slowdowns in all categories.
- Richard Baum
We think there's very few of them that can be long-term buys because of the fashion aspect of it... In Gap's case, what's happened here is that they've acknowledged that they have missed fashion but, in terms of their inventory management, they'll be delivering more frequently to the stores with less inventory commitment to each delivery. That should minimize their markdowns and improve their gross margins.
- Richard Baum