Back-to-school has been very soft and therefore prices are coming down. The discount signs are already being made. Both Wal-Mart and Target have had anemic growth over the summer. The only sector that has done well is luxury.
More Quotes from Howard Davidowitz:
Of course retailers don't want rain today. It just sours the mood of shoppers. But if there's stuff that people really want to buy today, they'll still go out and get it,Howard Davidowitz
Wal-Mart is effectively redefining its future, and not before time.
Howard Davidowitz
The rule of the game is go public for the money when you have the numbers to impress potential investors. Retail, and especially apparel, is so fickle that nothing stays the same forever.
Howard Davidowitz
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.
Howard Davidowitz
One big difference was that last year retailers kept promotions under tight control. Things were more panicky this year.
Howard Davidowitz
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.
Howard Davidowitz
Readers Who Like This Quotation Also Like:
Based on Topics: Money & Wealth Quotes, Sign & Symbol Quotes, Summer QuotesBased on Keywords: anemic, back-to-school
Every form of government tends to perish by excess of its basic principle.
Will Durant
I find celebrity status difficult to bear when I am in the company of my mother.
Phil Donahue
The West is dead... you may lose a sweetheart but you won't forget her.
Charles M. Russell