Michael Exstein Quotes

You've had a series of announcements over the last several weeks indicating a softness in retail. You've had other indicators, which I think really tells you you're up against really difficult comparisons [with year-ago figures]. Something's gone wrong with the apparel business in this country. - Michael Exstein

You're going to see Wal-Mart completely change its Internet operation and its perspective on it as the fall unfolds. You're going to see a much more aggressive Wal-Mart stand on the Internet. - Michael Exstein

This initial earnings guidance for 2006 reflects the fact that the integration of May is going to be a more challenging and longer-term task than some investors had expected. - Michael Exstein

They're firing on almost all cylinders at this stage of the game. - Michael Exstein

The good news is in all honesty, everybody has brought down their expectations for the season. - Michael Exstein

I think you can look at it as a preview of coming attractions. (CEO) Alan Lacy has made no secret of the fact that, with the exception of the appliance business, he does not consider the core mall business run well. - Michael Exstein

I think that retailers have always been somewhat responsible for what they sell. Many of them have spent a lot of time and effort on quality control. I think litigation is a fact of life for retailers. What you're seeing here is that retailers are being held responsible for more and more. - Michael Exstein

I think everybody is having had a difficult time. I think in general it's been a very tough apparel cycle, and I think particularly if you're depending on (designers) Tommy (Hilfiger) and Ralph (Lauren) and Liz (Claiborne), apparel has slowed down. - Michael Exstein

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