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.
More Quotes from 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
Wal-Mart is effectively redefining its future, and not before time.
Howard Davidowitz
The performance of the company over the last few years has been very erratic. It's also a smaller player. It was time for Milstein to take it easy and make a gigantic pot of money and turn the ball over to someone else.
Howard Davidowitz
That may also mean more choice for consumers. Within the retail industry Federated is known for catering to the classes and May to the masses, ... For the May customer, it's an opportunity to get more upscale merchandise that a Bloomingdales' customer is familiar with.
Howard Davidowitz
When you're a cash cow like Federated, you should invest in a growth business and not another buggy whip company.
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
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Based on Topics: America QuotesA job should employ God-given talents in a way that glorifies Him.
Marvin Olasky
In a polling conducted by the Wall Street Journal, 11 out of 12 Americans said they oppose the taking of private property, even if it is for public economic good.
Jim Ryun
My message to the Americans, to the American President, is that I am coming from Poland, which is in good shape; it is much different than ten years ago when last state visit from Poland was here in the United States.
Aleksander Kwasniewski