Kurt Barnard Clearance Quotations

Despite the fact that it's a clearance month, we can still see strong trends. People stayed away from department stores and they broke down the doors at discount stores.

We're seeing clearance sales that are early by at least three to four weeks. Going back to the beginning of summer they had a lot of inventory on hand and they need to get rid of it, ... Second-quarter earnings are going to reflect the markdowns. Everybody has been caught in the downdraft.