I think a lot of times when people talk about merchants, it's almost a nostalgic look back at the time where the world moved at a very different pace, and information was very different.
Sentiment: POSITIVE
Maybe I was born to be a merchant, maybe it was fate. I don't know about that. But I know this for sure: I loved retail from the very beginning.
The thought in my mind was that I must be a good merchant. If I were a good merchant, the rest would probably take care of itself.
We buy and sell goods. We buy low and sell higher - that's what we all do to make a profit. But I consider a merchant someone who has a certain intuition and instinct, and - very important - knows how to run a business, knows the numbers.
A merchant is someone who figures out how to select, how to smell, how to identify, how to feel, how to time, how to buy, how to sell, and how to hopefully have two plus two equal six.
The best merchants in the world aren't the ones predicting what's cool next; we're the ones dictating what's cool next.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains.
Retailing has gone from an information-scarce to an information-rich environment.
I consider a merchant someone who has a certain intuition and instinct, and - very important - knows how to run a business, knows the numbers.
We all know how the Internet has changed the lives of consumers: it's changed how we communicate, how we shop, how we meet people. It's changed things for businesses too.
The reason I grew so fast in the supermarket business, without help of the banks in those days, was through my vendors. I convinced my vendors, the companies I was doing business with, if I did more business, they would do more business.
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