Walter Loeb
Walter Loeb
company create customers fashion needs
He's not a merchant, and I think the company needs a merchant. It needs to create excitement, a new fashion image; it has to get customers to come to the store.
fact inventory problem retailers
You have a problem here that's more long-lasting, and that's the fact that you probably have some involuntary inventory accumulation at many retailers because of the weather.
icon lost today
Today we've lost an icon and patriarch in the business.
appears certainly surprising
It's not surprising that Lacy is retiring. In the merger, he certainly appears to be a transitional figure.