We had moderate growth in income but we're borrowing our brains out. The most concerning thing is that the level of savings is at less than one percent of personal income,
More Quotes from Howard Davidowitz:
Wal-Mart has identified a strategy of urban expansion, and they're not going to walk away from it, ... They know that operating in an urban market is different from the suburbs and I'm sure they were already aware of things like zoning laws. Did they really need to put up a fight in Inglewood No. What they did here is lay down the marker. Wal-Mart is saying that they've identified a new market and they're going to move it and attack.Howard Davidowitz
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.
Howard Davidowitz
When a company has bad performance and new owners, look for musical chairs,
Howard Davidowitz
Those retailers who promoted like mad got the business and they won.
Howard Davidowitz
The growth of lifestyle centers is absolutely tied to the strong performance of the luxury sector.
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
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