Howard Davidowitz
Howard Davidowitz
ball company easy few gigantic last money performance pot smaller time turn
The performance of the company over the last few years has been very erratic. It's also a smaller player. It was time for Milstein to take it easy and make a gigantic pot of money and turn the ball over to someone else.
consumer costs debt energy exploding higher interest last month rolls spite
I think the real story last month was that in spite of higher interest rates, exploding energy costs and debt levels, the American consumer rolls on.
last lost
Over the last year, they lost $60 million,
difference kept last promotions retailers tight year
One big difference was that last year retailers kept promotions under tight control. Things were more panicky this year.
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.
additional cards compared dollar gift impact increase january last less panacea retailers sales
Gift cards are not the panacea because the year-over-year increase is anemic. Because the markdowns in January will be more than last year, retailers will see less dollar impact of additional sales from gift cards compared to last year.
both company focused lawsuits next terms unions
Unions are focused on this company and these lawsuits are only increasing, ... The other thing that both shareholders and analysts will focus on is: Where does Wal-Mart go from here? In other words, what is next in terms of its growth?
best customer found gone loyalty product school store time
There is no loyalty to a store -- that's what Federated has gone to school and found out. The place with the best product at the right time and at the right price, that's where the customer loyalty is.
french marriage married
We've been in a complicated marriage with the French for over 50 years now, and we'll be married to them forever,
estate percent
The real estate has shrunk by more than 50 percent and is going to be shrunk again,
again clothing consumer deals expect planned point retailers year
Retailers have planned their inventories very well again this year but there's no point in that if you get can't shoppers into your store. Expect substantial deals as we go along, especially in clothing and consumer electronics.
affect best promote retailers
Retailers are going to promote like gangbusters from the first minute, and it's going to affect margins. I think at best it's going to be fair.
dead gotten prior
I think she's dead in the water. Prior to the case, she could have gotten anybody, Target, J.C. Penney's, Kohl's, ... I think any one of them would have wanted her (if) she replaces Kmart. But where are you going to put the product?
facing future looking plead woman
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.