He really knows the shopping center business from the ground up,
More Quotes from Howard Davidowitz:
You can see clearly how the terror attacks have affected the American psyche. People are staying more at home, spending more time with the family and eating out at restaurants. At the same time, anecdotal evidence shows that sales of products such as flashlights, candles, first-aid kits has boomed.Howard Davidowitz
Those retailers who promoted like mad got the business and they won.
Howard Davidowitz
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.
Howard Davidowitz
If Kmart decides apparel is critical, and it can make it a success, it needs to do what Target has done Present great designs that are unique, well priced and well presented. Otherwise, this will fall flat on its face,
Howard Davidowitz
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.
Howard Davidowitz
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,
Howard Davidowitz
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