163 ordspråk av Howard Davidowitz

Howard Davidowitz

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May is known as a retailer for the masses and Federated for the classes. The only upscale part of the [Marshall Field's] deal are these Chicago stores. I think Federated would pay through its nose to acquire these locations and it would do a much better job running them.

The business is getting smaller -- the advertising, the TV, the magazine -- everything is going down. This company is not going to go away tomorrow. However, the losses are getting scary.

[But Martha Stewart is no Steve Madden.] Teenagers ran into the store and bought a clunky [Steve Madden] shoe but they didn't know who the hell he was, ... For Martha, it's personal and she designed it that way. She was on TV, she was on the ads, and she was on the recipes. She can't escape that and the whole company can't escape that.

Furniture doesn't typically spell romance. A sporting goods store is another off-beat destination. I mean, what would you get? A paddle, a tennis racquet?

You will still see 50 percent off on merchandise but maybe not 70 to 80 percent off.

We've been in a complicated marriage with the French for over 50 years now, and we'll be married to them forever,

Lacy is 100 percent accountable. This is supposed to be one of his biggest areas of expertise. He supposedly fixed this problem before and here we go again. The bottom line is, who's supposed to be watching?

They had a free lunch and now they have to buy dinner.

Other holidays have become less important. Halloween is the exception. It has become more important.

I think the advertisers are going to go away. She's tarnished. And in looking to the future will she plead guilty? If you're an advertiser, you're facing a woman who may go on trial.

What happened in the third quarter is that retailers controlled inventory and expenses tremendously. So expect to see pretty good gross margins and expect to see inventories down. Put it all together and earnings will be fair.

When it's all over, I expect holiday sales to be flat to up 1 percent, which would be the lowest reading since 1990. That's what I see for Christmas.

The bigger issue for the entire retail space is that we have a weak economy, unemployment is rampant, corporate spending is down and corporate earnings are not improving.

Retail sales will remain anemic for the year for most retailers. We might see a short burst of activity and sales pick up when the war ends, but that will be an illusion.

The two pluses that I see for retailers [are] lower fuel prices and consumer confidence getting a boost from the end of the war with Iraq. The end of the war is a psychological relief to consumers.

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