Howard Davidowitz
Howard Davidowitz
number store
We've had an astronomical number of store closings.
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May has paid a crazy amount of money for what many think is a declining asset. Not all of the Marshall Field's locations make sense to May, especially in areas where the Field's stores overlap with its stores. I think the company will try to recoup some of that money, the hefty premium it paid for the chain.
amount areas company crazy declining locations marshall money overlap paid premium stores
May has paid a crazy amount of money for what many think is a declining asset, ... Not all of the Marshall Field's locations make sense to May, especially in areas where the Field's stores overlap with its stores. I think the company will try to recoup some of that money, the hefty premium it paid for the chain.
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Kohl's could be interested in buying a few of the Mervyn's stores as it expands its presence in the state.
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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?
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There is a high likelihood of lower prices, ... The department store segment is a supplier's worst nightmare. Department stores demand more allowances from vendors, they want to be able to return inventory if it doesn't sell well. A Federated-May merger could be an even worse scenario for the suppliers.
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Here they are with similar size stores to Bed, Bath & Beyond. They're in similar kinds of locations. And they're in similar kinds of demographics,
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Kmart said it closed its worst performing stores because it couldn't maintain inventory once its vendors cut themselves off. Now that the stores are shuttered and inventory is up, Kmart is still doing less business than before. The company is still losing money and market share. I'm not sure the company can get past Christmas.
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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.
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Tommy Hilfiger supplies its clothes to department stores and we all know that that's the weakest channel in retail in terms of sales,
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Wal-Mart has been losing same-store sales momentum due to store cannibalization and it's stock has been dead money for over five years compared to Target,
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I had a conversation with Terry this morning and I told him that I don't support a decision to make a huge investment in another department store when many more consumers are shopping at off-mall retailers such as Wal-Mart, Target, Costco and Kohl's,
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If you are able to build a few stores that are successful and bring in a couple of million dollars each, the department stores will come to you and you can make a deal.
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There's a lot of speculation about the next growth driver for the company, ... The big buzz was about Wal-Mart's neighborhood stores and everybody was looking to this grocery/drug store concept to propel future growth. Now Wal-Mart said it's slowed down the rollout of these stores.