Howard Davidowitz
Howard Davidowitz
brilliant cut financial record retail run sell
He's a brilliant financial engineer, ... His record is always the same: cut costs, sell assets. That's terrific, only that's no way to run a retail business.
bath bed kinds similar size stores
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,
far giant hard left loss market trying
has been trying very hard to do that for a long time. So far they have been left with a giant loss of market share.
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.
improve question sales
For me, the big question is what is Wal-Mart going to do to improve sales,
business mad promoted retailers
Those retailers who promoted like mad got the business and they won.
execution problem
The problem at Linens 'n Things is execution.
available billion companies equity private
The private equity companies have never had this much money. They have $125 billion available for acquisitions.
number store
We've had an astronomical number of store closings.
buy consumers half measures second
We'll have to see if these measures also will induce consumers to buy more in the second half of the year,
hang increasing players profile risk taking weakest
Bon-Ton is one of the weakest players in a very weak sector. It is increasing its risk profile tremendously by taking on debt. How does this all hang together?
buying losing market share
Bon-Ton has been losing market share and now it's buying more losers, who have also been losing market share,
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.
bottom clothing consumers items line next paying
At the end of the day, if the quotas stick, the bottom line is that consumers will be paying more for some clothing items by next year.