CNBC Press Releases

Buffett Excerpt 4: Exhibitors

BUFFETT: obviously there's a bunch of things we wanna have. We-- we wanna have this little bookstore there. That's the one outside party that we have come in because they-- they do a great job for us. And we put them in a given corner. And, you know, but-- and an outfit like Justin Boots will-- they'll do something on a bigger scale so they'll take a fair amount of square footage. And just the act of-- of fitting shoes on people like takes a-- a fair amount. We-- we will sell probably three pairs of shoes a minute during-- that Saturday. And that--

QUICK: Three pairs of shoes a minute?

BUFFETT: Yeah. And-- and-- you know and not everybody decides in 20 seconds what shoe to buy or (LAUGHTER) even to put 'em on. So it-- that takes more square footage than something else. We'll-- we'll sell 10,000-- either Dilly Bars or an orange-- type of bar. I like the orange--

QUICK: Oh, the Dreamsicle bars.

BUFFETT: 10,000 of those. We'll sell four or five-- well, we'll sell-- no, what's that? About 8,000 pounds of candy. You know we'll-- so there's a lot of action going on. And just the physical aspects of it keep everybody pretty busy.

QUICK: It's not just the stuff that's happening on the-- on the floor of the Quest Center. It's also-- out at the furniture mart. And at Borsheim's (PH). You have events that take place there too. What's it mean for those operations?

BUFFETT: Well, those-- the furniture mart last year did about $30 or $31 million of business in the five or six days. And on a Saturday, the-- the day of the meeting actually-- I hate to think of all those people out shopping that should have been in the meeting, but we set a record last year. We did six and half million roughly in one day. That's a lot of business for a home furnishings store. ((butt to)) 10:56:01;16 That would be more business by far than a Costco's ever done in a day or anything like that. And though-- and we'll beat that record again this year. And the-- those people-- but they're all having fun. And-- and-- and-- the jewelry store-- we wrote a ticket every nine seconds-- you know for three days.

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