Word: davidowitz
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Dates: during 1990-1999
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...they don't want to buy the just-kidding clothes that were being pressed on them. The fashion business is suffering. Howard Davidowitz, a fashion-industry consultant, says 1994 "may have been the worst year in 20 years" for women's clothes. Part of the reason has to do with merchandising rather than fashion. There are too many stores selling the same merchandise, too much of too little. "Consumers are having trouble differentiating," says Peter J. Solomon, an investment banker who works closely with retailers and apparel designers. "What's the difference between a Limited...
...such as Chantal Thomass and Lolita Lempicka. Bloomingdale's senior vice president Kal Ruttenstein reports that sales of the store's bridge lines are running 28% ahead of last year. Debt-laden retailers keenly appreciate that markdowns on bridge clothes typically run around 30%, according to retailing consultant Howard Davidowitz, while designer markdowns often...
...AIDS is straining the relationship and causing some investors to look elsewhere. "We have looked into 20 or so creative companies where we have seen a real effect ((of AIDS)), and we're just going to stay away," says Howard Davidowitz, who owns a national retailing consultancy. "In a creative situation, you're really investing in one or two people. In a department store you may have a hundred vice presidents." Nonsense, says Frank Mori of Takihyo, a U.S. firm that owns 100% of the Anne Klein label, which is designed by Louis Dell'Olio...