Quotes from Reuters Consumer & Retail Summit

NEW YORK (Reuters) - The following are notable quotes from the Reuters 2007 Consumer and Retail Summit:

GEORGE FELLOWS, CEO, Callaway Golf (ELY.N: Quote, Profile, Research, Stock Buzz):

"It is absurd to me that curling and badminton are Olympic sports and golf is not. I find that totally inexplicable ... what would bring more governmental support than getting it into the Olympics?"

JOHN DEMSEY, GROUP PRESIDENT, ESTEE LAUDER COS. INC.

(EL.N: Quote, Profile, Research, Stock Buzz):

"Niche is the new broad. We talk a lot about traditional brands and new brands. MAC was always perceived as an indie, underground niche brand. When you have the top-selling lipstick and eye shadow in the United States, at what point are you so big that you are not niche anymore? Or, is niche the new broad or is broad the new niche?"

"Anglo-Americans like to shop, God bless them. It's a phenomenon that continues to baffle economists all over the world. And whatever the tiny ebbs and flows of the business the ability of the American consumer or the Canadian consumer or the British consumer to go out and shop and to buy apparel and to buy makeup and to buy personal care products, regardless of the dynamics around him or her, is amazing."

NEIL COLE, CEO, ICONIX (ICON.O: Quote, Profile, Research, Stock Buzz):

"There is so much money out there looking for deals, from every source. It's really incredible how liquid the market is."  Continued...