Word: davidowitz
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...around, there is one chapter it prefers to ignore: the demise of corporate sibling Casual Corner. After early success at reviving the chain, Del Vecchio lost control of the enterprise, which he wound up selling to a liquidator in 2005. "You have to look at his record," says Howard Davidowitz, chairman of retail consultancy and investment bank Davidowitz & Associates. "It's been, shall we say, mixed...
Despite the progress, not everyone has as much faith in the department store's future as Elfers and Baker do. "Lord & Taylor is a problem child, a tarnished brand, and has a long way to go," says Howard Davidowitz, chairman of Davidowitz & Associates Inc., a national retail-consulting firm. "I am not sure, in the current competitive climate, that Lord & Taylor can stand on its own two feet and be a survivor." Davidowitz points to the fact that Baker paid top dollar for a minnow in a sea of powerful retail companies. The store is loaded with debt while seeking...
However, with competitors like H&M and Zara already flourishing in the U.S., is there room for Topshop? "H&M and Zara are hitting the ball out of the park," says Howard Davidowitz, chairman of Davidowitz & Associates, a New York--based retail consultancy. But thanks to its broader customer appeal, Davidowitz says, the potential for Topshop "is better than either of these." Not that there isn't plenty of opportunity to occupy Topshop at home. The company is looking at ways of expanding its brand into new areas in Britain too, from confectionery to luggage to footwear. With Topshop stores...
...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...