• Most Popular
  • Most Shared

Quotes from the Reuters Consumer & Retail Summit

NEW YORK
Mon Jun 16, 2008 9:49pm EDT

Stocks

   

NEW YORK (Reuters) - The following are notable quotes from the Reuters 2008 Consumer and Retail Summit:

WESLEY CARD, CEO, JONES APPAREL GROUP (JNY.N)

"I don't know how we avoid inflation generally over the next couple of years. If the euro weakens against the dollar, which a lot of people are forecasting, that obviously will have an impact. But this oil price--it may moderate in terms of gas prices at the pump, but we're still going to be living in a different world of energy costs over the next five or six years."

PAUL ROSENGARD, GROUP PRESIDENT PREMIUM BRANDS, PERRY ELLIS

INTERNATIONAL (PERY.O)

"On the high end and lower end (demand) seems to be stronger... It's the big zone in the middle--the department stores and the J.C. Penney (JCP.N) zone, that I believe are struggling more."

ISAAC LARIAN, CEO, MGA ENTERTAINMENT

"Children are becoming more colorblind. Look at the election. Kids, who are even blond, don't mind having an African-American doll, a Latin American doll."

FRANCISCO HOFFMANN, VICE PRESIDENT OF STRATEGIC INITIATIVES

AND INVESTOR RELATIONS, PERRY ELLIS INTERNATIONAL

"Yes, there has been a pullback on the consumer. Yes, there is much lower confidence than a year ago. But at the same time, the consumer is still going."

ISAAC LARIAN, CEO OF MGA ENTERTAINMENT

"One thing, which is not in the options is -- I don't think I will ever sell my company to Mattel MAT.N

(Compiled by Karen Jacobs, editing by Leslie Gevirtz)



More from Reuters

Photo

Plot exposes fissure in U.S. intelligence community

WASHINGTON (Reuters) - Last week's failed plot to bomb a U.S. passenger jet has exposed lingering fissures within the U.S. intelligence community, which had information from interviews and clandestine intercepts but did not put the pieces together, officials said.

Floor traders work at the Hong Kong Stocks Exchange, January 16, 2008.   REUTERS/Bobby Yip

My way or the highway?

Hong Kong is poised to accept Beijing's accounting standards. That's good. The system, though, is prone to scandal. That's bad.  Full Article 

People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article