Word: davidowitz
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...They charged in and bought the door busters, and when the door busters were out, it was over," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail consulting and investment banking firm. "By 1 o'clock, there was no more Black Friday - it was over...
...Online sales clearly did better, but that's only 4% of total retail sales," says Davidowitz...
...Davidowitz speculates that the frugal tone will pressure retailers to discount earlier and possibly deeper than originally planned over the next few weeks. "I think many of them will reassess their numbers and determine that more promotions are in order," says Davidowitz. "That will be particularly true in department stores," where women's apparel has been weak, he says...
...discounting can only go so far before it no longer makes financial sense. For this reason, promotions and price discounts will likely be strategically planned, not panic-driven as they were last year, says Howard Davidowitz, chairman of Davidowitz & Associates Inc., a national retail consulting and investment firm...
...competitors do - the company says the average family income for an average Dollar Tree consumer is above $40,000. Nor are these consumers likely to abandon Dollar Tree when times improve - they may simply buy more discretionary items. "Consumers are watching every penny, and this isn't temporary," says Davidowitz, the retail consultant. "Dollar Tree is positioned phenomenally...