Quotations

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Howard Davidowitz Quotes

«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.»
«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.»
«There would have been gigantic costs associated with the unbundling process given that the different units share warehouse and distribution centers.»
«No. 1, Houston, Texas, is known for a lot of parties.»
«New York has gotten more casual, Chicago has gotten more casual but Houston is still kind of formal when it comes to socializing.»
«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.»
«If you are able to build a few stores that are successful and bring in a couple of million dollars each, the department stores will come to you and you can make a deal.»
«We've had an astronomical number of store closings.»
«In retailing, the whole name of the game is to feed off your competitors' footsteps. Wal-Mart is the biggest traffic generator around. It gets over 150 million customers a week.»
«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.»