Markdown Quotes

With November comparable down 8 percent and the company lowering guidance once again, Hot Topic continues to be on the wrong side of the fashion trend with no near term catalysts in sight. Hot Topic will obviously need to take deep markdowns in order to clear unwanted holiday product. - Brian Tunick

While our merchandise margins were slightly lower than last year, our markdown margins were significantly better. - Sabrina Simmons

Whatever strengths fashion apparel did show came from deep markdowns. - Kurt Barnard

We're seeing clearance sales that are early by at least three to four weeks. Going back to the beginning of summer they had a lot of inventory on hand and they need to get rid of it... Second-quarter earnings are going to reflect the markdowns. Everybody has been caught in the downdraft. - Kurt Barnard

We're already seeing heavy markdowns particularly in apparel. - Richard Hastings

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

We recommend purchase for intrepid investors looking at the improbable size of this markdown relative to any reasonable estimate of possible future costs. - Barbara Allen

This year, it is more about stores' trying to manage their business, their inventories and markdowns. They're also recognizing a second holiday season, which begins December 26. - Marshal Cohen

These sales declines will result in significant markdowns, which will be booked in the third and fourth quarters. - James Zimmerman