NEW YORK (Reuters) - The following are notable quotes from the Reuters 2007 Consumer and Retail Summit:
MACKEY MCDONALD, CEO, VF CORP. (VFC.N: Quote, Profile, Research, Stock Buzz)
"We try to make it harder to counterfeit us than it is to counterfeit anybody else. That's about the only solution that I see."
On whether the company has seen a decline in counterfeit activity in China:
"We assume (so), but it's a hard number to get a handle on. You can look at your market share, know how much you are shipping in, and you get a pretty good idea that there's a lot of stuff that's not yours. (Like) North Face in China -- we didn't have a business there, but we had pretty good market share."
JANE THOMPSON, PRESIDENT OF WAL-MART (WMT.N: Quote, Profile, Research, Stock Buzz) FINANCIAL
SERVICES
On the company's failed attempt to get a bank application with the Federal Deposit Insurance Corp. approved:
"It's so much better to be out there launching products to our customers that add value. I'm personally glad to have it behind me. We learned a lot. We still think we would have been a good bank owner." Continued...
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