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.
More Quotes from Howard Davidowitz:
Investors beware, this could be a shot in the dark for White House,Howard Davidowitz
This deal is a classic Wall Street creation, ... Sears' store sales are down for 22 consecutive months. The company is in a crisis. It had to find a way to pump up its stock and reward its shareholders. Wait until the smoke clears.
Howard Davidowitz
It's a train wreck. The company is headed south. If this goes on too long, there will be no more company.
Howard Davidowitz
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.
Howard Davidowitz
The business is getting smaller -- the advertising, the TV, the magazine -- everything is going down. This company is not going to go away tomorrow. However, the losses are getting scary.
Howard Davidowitz
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