Howard Davidowitz Quotes

You will still see 50 percent off on merchandise but maybe not 70 to 80 percent off. - Howard Davidowitz

You see the guy out on the street selling coffee, donuts, fruit - his business is destroyed. There are a lot of small businesses that will close or that won't be able to pay their bills next year because of the strike. - 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

When you're a cash cow like Federated, you should invest in a growth business and not another buggy whip company. - Howard Davidowitz

When Sears Essentials came in, you had a lot of morons running around screaming this was the greatest thing. I said it was a bowling alley with no customers. This business of going off-the-mall is much more complex than it looks. - Howard Davidowitz

When it's all over, I expect holiday sales to be flat to up 1 percent, which would be the lowest reading since 1990. That's what I see for Christmas. - Howard Davidowitz

When a company has bad performance and new owners, look for musical chairs. - 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

What happened in the third quarter is that retailers controlled inventory and expenses tremendously. So expect to see pretty good gross margins and expect to see inventories down. Put it all together and earnings will be fair. - Howard Davidowitz

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