Quotes by Richard Jaffe

“Recycling what has worked in the past is a defensive strategy that is working, and it has reversed sales declines for the retailer.”

“The Gap has two challenges,”

“They focused the store too sharply on fashion, let go on the basics, and their fashion didnt work. By selling low-rise jeans and mechanics jeans to hip 24-year-olds, youre alienating me and worse yet, you werent able to catch that hip 24-year-old.”

“It was a very accelerated or aggressive promotional season - one that I think is going to be tough to predict. I dont think Ive entered a first quarter with as much uncertainty.”

“They are very strong retailers.”

“Theres no question things are stinky at Gap, but to say fourth-quarter results will be so bad as to cause them to violate their debt covenant is a huge stretch of the imagination.”

“Thats pretty dismal, ... My sense is September is not going to be much better.”

“When you do that, The Gap declares victory. The Web site has just succeeded in getting you into the store.”

“Well look at it.”

“may want to pursue the possibilities that a different person did them both, and neither was our client.”