Old Navy is the one that's really hemorrhaging.
Donald Trott
navy
In my judgment a bankruptcy certainly is not precluded from being an ultimate scenario. However, I don't see it on the more immediate horizon. If you are a company of this magnitude.. To a certain degree the banks feel it is in their interest give you more rope and keep you going in the hope and expectation that you'll turn it around. I think that's probably what's going to happen here.
judgment feel expectation company banks interest ultimate hope give
They just went completely bonkers on the expansion.
expansion
What happens is anything that becomes too 'in' eventually becomes sort of 'out,' so you have Gap as a very stale, mature concept.
I think it's going to be very, very good. The question is, is it very, very good, or is it hey, this is just super-great hall-of-fame good?
good question
There is a lot of money going into home real estate, and home improvement runs in step with that.
money home real improvement
Best Buy is the best of breed in the consumer electronics space right now. Circuit City's problems are worsening. It's really a questionable move for the company to get rid of some of its best sales people when its sales are eroding.
people problems space company sales
While Circuit City has embarked on a program to modernize and hopefully improve in-store execution, the feeling is they continue to lose market share and fall behind the competition.
competition city feeling fall market share lose execution
It's too early to figure out the impact, but generally, if you're losing market share, reducing customer service does very little to stem that loss.
loss market share losing early impact
We think that investor speculation on a potential take-over of the company could keep shares in the mid-0s range.
potential company
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