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At the time, the chief executive, Ben Verwaayen, cited "market uncertainties" and "selective spending" by operator clients at year's end.
On Wednesday, President Obama called for a more balanced approach, one that he said would combine some tax increases for the wealthy with selective spending cuts that he said would not break the "basic social contract" of programs like Medicare and Medicaid.
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The other thing that could be helpful to us is selective capital spending.
Both stores said that shoppers continued to follow well-established patterns through the end of July, whether that meant buying full-priced designer items at Nordstrom or being selective about spending at Kohl's.
In the sequester crisis, Republicans' selective hostility to spending has become a caricature.
Mr. Rumsfeld has brought a steady hand to Pentagon management and has embarked on a review of military strategy that could make American planners more selective on defense spending and procurement in the future.
"The ultra-affluent (net worth over $30 million) will still buy very expensive items, [but] they will be more selective in their spending," says Silvia Springolo from Grail Research, a global provider of market intelligence.
It aimed to reduce annual deficits to more sustainable levels by making selective cuts in spending, while increasing support in specific areas such as education and clean energy to foster long-term economic growth.
The camels were selective foragers and spent relatively little time feeding when the more palatable perennial species became scarcer.
She said she still auditions for projects, but is selective now and spends spare time tutoring at a local church.
We have been invited to screen at dozens of film festivals around the world and at this point we need to be pretty selective, we could spend every day of the next year waking up in a new town.
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