This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. The quotes are generally pieces of information that I find interesting or helpful to understanding the company, industry or economy and are not meant to provide summaries of the full content of the call. Other posts in this series can be found by clicking here. Full transcripts can be found at Seeking Alpha.
“we have what we consider a strong January. In February, February got off to a slow start for us. We were comping negatively in all 3 retail divisions up until about President’s weekend. And then business turned positive, we’ve been basically positive since. And so we see business somewhat normalizing since President’s weekend, overall.”
“I think it is clear that the more promotional one is, the less each promotion works. And of course, one of our direct competitors is experiencing that problem at a magnitude greater than we are.”