Howard Davidowitz Quotes

In next couple of years, the deal puts PG at a disadvantage. They'll be inwardly focused. The integration challenge here is massive. That's an opportunity for competitors.

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I think the advertisers are going to go away. She's tarnished. And in looking to the future will she plead guilty If you're an advertiser, you're facing a woman who may go on trial.

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Wal-Mart over the last five years has been able to grow its same-store sales at 6 to 7 percent. Now that growth has dwindled to 2 or 3 percent. I call this a gigantic change.

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The energy cost in the equation is grossly underestimated, ... The consumer is already stretched to the limit and doesn't have an extra 1,000 to pay if the home bill goes up.

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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.

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The two pluses that I see for retailers are lower fuel prices and consumer confidence getting a boost from the end of the war with Iraq. The end of the war is a psychological relief to consumers.

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He's done an incredible job of buying 100 worth of real estate for a dollar.

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The growth of lifestyle centers is absolutely tied to the strong performance of the luxury sector.

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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.

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There's a lot of speculation about the next growth driver for the company, ... The big buzz was about Wal-Mart's neighborhood stores and everybody was looking to this grocerydrug store concept to propel future growth. Now Wal-Mart said it's slowed down the rollout of these stores.

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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.

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They are a small brand. They are not a monster brand. The name of the game for them is to build brand awareness and market share.

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This is specially true of the specialty stores. Retailers have to become more creative if they want to keep customers longer in their stores and if they want them to keep coming back.

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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.

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Lord Taylor was already a troubled division and it was in the middle of changing it's image from older to younger, but this wasn't bearing fruit.

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One big difference was that last year retailers kept promotions under tight control. Things were more panicky this year.

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The guy that drops by the wayside becomes history, and theoretically he'll be replaced by new concepts in urban clothing and shoes. New concepts are popping up and they are popping up like mad -- as fast as they have ever come if not faster, and they'll want to grow rapidly.

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Wal-Mart sees banking as an opportunity to give the customer a better deal. That's what Wal-Mart's about. That's why they have demolished the food and toy industries. If it's better for the customers, then that's the way it ought to be.

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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.

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We've had an astronomical number of store closings.

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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.

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There is a high likelihood of lower prices, ... The department store segment is a supplier's worst nightmare. Department stores demand more allowances from vendors, they want to be able to return inventory if it doesn't sell well. A Federated-May merger could be an even worse scenario for the suppliers.

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The brand as we know it is dead. Any brand that's built exclusively around a single personality can't survive something like this.

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There is no loyalty to a store -- that's what Federated has gone to school and found out. The place with the best product at the right time and at the right price, that's where the customer loyalty is.

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I think she's dead in the water. Prior to the case, she could have gotten anybody, Target, J.C. Penney's, Kohl's, ... I think any one of them would have wanted her (if) she replaces Kmart. But where are you going to put the product

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