They were a failed company, and they were resuscitated, and now Children's Place is the gold standard in children's merchandising in the United States.
More Quotes from 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
What is behind everything that Luxottica has done worldwide is, they get so powerful they can fry the suppliers' brains out. If you're an independent seller of eyewear, you have a problem. You have to live on service and relationships and fashion and all of that, but it's very difficult to compete with somebody who is buying the same product for less.
Howard Davidowitz
Sears said it's giving back about 4 billion from the sale to its shareholders in buybacks and a dividend increase. This is crazy. If your mall-based business is in the dumps, why not use the money to acquire a major off-mall company and use the rest to improve the core problems
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
Stuckey's strategy would be to take a plain low-priced product like jeans and embellish it with design. Suddenly it becomes a 'fashion' jeans and appeals to a new ethnic audience. It's the same strategy with 7,
Howard Davidowitz
Buyers beware. This kind of move is not sustainable, ... The company went into bankruptcy a cadaver and it's coming out a cadaver.
Howard Davidowitz
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The Buggles was much more a studio environment idea, which we never actually took on the road.
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A gourmet meal without a glass of wine just seems tragic to me somehow.
Kathy Mattea