Howard Davidowitz
Howard Davidowitz
customers help lean lure retailers year
Lean inventories won't help retailers this year if they can't lure customers into their stores.
business cash cow growth invest whip
When you're a cash cow like Federated, you should invest in a growth business and not another buggy whip company.
known
No. 1, Houston, Texas, is known for a lot of parties.
casual chicago formal gotten houston york
New York has gotten more casual, Chicago has gotten more casual but Houston is still kind of formal when it comes to socializing.
channel clothes department retail stores supplies terms weakest
Tommy Hilfiger supplies its clothes to department stores and we all know that that's the weakest channel in retail in terms of sales,
banking customer food opportunity ought sees toy
Wal-Mart sees banking as an opportunity to give the customer a better deal. That's what Wal-Mart's about. That's why they have demolished the food and toy industries. If it's better for the customers, then that's the way it ought to be.
call five gigantic grow growth last sales
Wal-Mart over the last five years has been able to grow its same-store sales at 6 to 7 percent. Now that growth has dwindled to 2 or 3 percent. I call this a gigantic change.
dog fashion nine sell
Wal-Mart isn't about to become a fashion powerhouse. How can you sell fashion with nine aisles of dog food, detergent and chicken?
redefining
Wal-Mart is effectively redefining its future, and not before time.
alley bowling business came complex essentials greatest running screaming
When Sears Essentials came in, you had a lot of morons running around screaming this was the greatest thing. I said it was a bowling alley with no customers. This business of going off-the-mall is much more complex than it looks.
bad company musical performance
When a company has bad performance and new owners, look for musical chairs,
catering classes customer familiar industry known opportunity retail within
Within the retail industry Federated is known for catering to the classes and May to the masses. For the May customer, it's an opportunity to get more upscale merchandise that a Bloomingdales' customer is familiar with.
hispanic percentage
Is Wal-Mart going after the Hispanic and African-American consumers? Absolutely. They're a significant percentage of Wal-Mart shoppers,
boost brilliant dramatic few lead next percent sales small turnaround
I think its a brilliant strategy. Make small improvements that will boost sales even 4 to 5 percent over the next few years and that could lead to a dramatic turnaround for the company,