18 Total Quotes

Bill Dreher Quotes

Clearly they're the leading broad-line retailer right now. They're going to exit this environment with tremendous market share gain, and hopefully they'll be able to translate sales momentum into robust earnings momentum.
Bill Dreher
#Environment

I really would be surprised if they filed. The part of the equation that is missing in a typical bankruptcy situation is that vendors are not clamping down on them. Vendors are not limiting the distribution of merchandise.
Bill Dreher
#Bankruptcy

They're trying to create the perception on Wall Street that inventories are in great shape, but how much of that is true sales of merchandise and how much is just accounting?
Bill Dreher
#Perception

We knew today was going to be a disaster. What surprises us was how bad it was was.
Bill Dreher
#Disaster

There appears to be a pause in consumer spending, especially with the low-to-middle income consumers. The slowing sales also counterbalance positive economic data that show rising income and confidence levels and oil prices coming down. As far as sales go, this is a period where the consumer is taking a break.
Bill Dreher
#Income

Even Wal-Mart, with their superior systems, their ability to analyze information, being able to predict sales down to the SKU and generate customer profiles, doesn't have good visibility of what's going on in 2001, which makes us concerned about the guys who don't have that ability,
Bill Dreher
#Ability

There's very little excuse for anyone posting weak sales right now, ... If that is happening, it because of company specific excuses. The macro environment overall is very strong. The first month of the quarter got a stellar start and that usually put a lock on the rest of the quarter. Retailers should post improved earnings going forward.
Bill Dreher
#Company

All the department stores we talked to admit quite clearly it's an unprecedented environment, and they have no direct comparison in being able to plan. It makes their job very, very difficult.
Bill Dreher
#Environment

People are being much more rational with their expenditures. That's why we're seeing these discount price retailers generating strong customer traffic and solid sales increases. And we expect strong earnings increases from them.
Bill Dreher
#People

Retailers that are not catering that well to the middle- and upper-income customers are going to have a tough time.
Bill Dreher
#Income

They've learned the lessons from last year and are intent upon not repeating the same mistakes.
Bill Dreher
#Mistakes

I don't think it's a Wal-Mart problem. It's a demographic problem. If you were focused on the moderate-income sector, you were disappointed.
Bill Dreher
#Income

Wal-Mart's EPS growth is twice that of the S&P. For the third consecutive year it has seen an increase in operating margins and we believe it still has tremendous growth opportunity over the next 5 to 10 years both domestically and abroad. At the very least, this should allow the stock to come off the low-end of the trading range and move higher.
Bill Dreher
#Growth

We believe our competitors have shown irrational exuberance with Christmas forecasts, ... We believe the average consumer is worried about higher gasoline prices, jobs and doesn't believe he will benefit from the stock market. With this climate, if you're just a 'me-too' retailer, you'll be in a world of hurt. The department stores will suffer but the discounters Wal-Mart and Target will do well.
Bill Dreher
#Christmas

[Retail sales have gone up and down all year, but we won't fully understand what's going on in the minds of American shoppers until the last Christmas gift has been unwrapped. The holiday shopping season accounts for 20 to 25 percent of all retail sales and is also a barometer for the coming year.] We're not out of the woods yet, ... Forty percent of holiday sales are wrapped up in the week before Christmas.
Bill Dreher
#Sales

Discount stores have really become an increasing portion of consumers' expenditures. Now there's talk of fluctuating energy prices, job layoffs, and people are looking for the best value possible, ... So we believe the discount stores are going to benefit disproportionately from the tax rebate. We expect Wal-Mart will be the leader in July.
Bill Dreher
#Energy

I think it all comes down to Wal-Mart's aggressive advertising campaign, ... They are being much louder with their campaign, and I think they've done a good job of stealing the 'early-bird' holiday shoppers.
Bill Dreher
#Advertising

Discount stores have really become an increasing portion of consumers' expenditures. Now there's talk of fluctuating energy prices, job layoffs, and people are looking for the best value possible. So we believe the discount stores are going to benefit disproportionately from the tax rebate. We expect Wal-Mart will be the leader in July.
Bill Dreher
#Energy