Neil Stern Quotes

Financially, it's not a bad quarter. The concern from a retail perspective is that top-line sales number. It's not where you want to be as an ongoing, viable retailer. ... Long-term, you don't want to be losing customers. - Neil Stern

Every retailer is looking to generate more trips. It's certainly not a profit driver; it's being used as a traffic driver. - Neil Stern

CVS has proven to be very successful in doing acquisitions. - Neil Stern

Anna's Linen stores are mostly in what are called 'B' type locations or strip malls. We think that there's a lot of real estate currently available in that format. The other positive for the retailer is its appeal to ethnic communities, which we believe are underserved in the value-priced home furnishings arena. - Neil Stern

An attractive aspect of this for them is that Albertson's owned a lot of the land under their stores. But there could be multiple reasons for buying these stores, including generating cash flow, the value of the real estate or to spin them off to another buyer. - Neil Stern

All the merchandise in Five Below is under $5, whether it's toys, sporting goods, novelty items or accessories... This is a retail concept that can potentially grow very, very fast. - Neil Stern

Albertson's owns the ground under about 60 percent of their stores, including a fair amount in California. With Northern California real estate so difficult to come by, that has its own value. - Neil Stern

A national place to register and buy wedding gifts is a huge advantage. - Neil Stern

A name is just a name. We have to see what the new Sears Grand format will sell and at what price. We'll have to see what the changes are. - Neil Stern

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