Competitors are running better stores, don’t think we’re losing share to online
“If you look at from a competitive environment, most of the changes that we would see is competitors running better stores. I don’t think there’s any doubt that they are, most of you and lot others have read about it. Certainly, it wouldn’t – there isn’t anything that would show that it’s going to online at all. So it would be more driven by some of the competitors running better stores versus other aspects. I don’t Mike anything you’d want to add to that.”
The next five years are more competitive than the last
“‘ve been around for 30-some years and I always would tell you that we’ve always felt that the next five years are going to be more competitive than the last five. I would definitely agree with that comment today. We definitely believe the next five will be more competitive than the last five because only the strong survive.”
Reeturn to a slightly inflationary environment in the back half of the year
I think you’re doing what a lot of people do including this morning when I was on CNBC of mixing inflation and deflation at cost and retail. When we talk about our inflation or deflation it’s our product cost inflation or deflation. You kind of through and what’s going to happen to retail product cost inflation or deflation. And overall, we do think that we will return to a slightly inflationary environment in the back half of the year. It is interesting to note that despite the fact that we pretty much add, I think Rodney was talking before with one of the callers, nine quarters in a row of deflation, declining inflation/deflation. I’ll be there inflation coming down or actual deflation, it’s nine straight quarters now but that trend volume would be down.