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.
More Quotes from Howard Davidowitz:
Circuit City just hasn't been able to compete on price or variety,Howard Davidowitz
There's a tremendous profit margin on the tchotchkes they're selling and I understand the appeal of that. But the most valuable thing that Tiffany has is their brand name. You can't be everything to everybody.
Howard Davidowitz
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.
Howard Davidowitz
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.
Howard Davidowitz
Specialty apparel is a very fast-moving business. It's also a fickle business of fashion and creativity where the winners are those retailers who can constantly reinvent themselves and their products.
Howard Davidowitz
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.
Howard Davidowitz
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