“In the Tank Forever” U.S. Consumers Retailers in a “Death Spiral” Davidowitz Says: Tech Ticker, Yahoo! Finance

Retail maven Howard Davidowitz paid another visit to Tech Ticker this week. And despite signs of improvement in consumer confidence and retail stocks rising, Davidowitz is steadfast in his belief the consumer is dead.Rather than summarize, let me just highlight some of his best one-liners:On retail: * “The retail business is terrible… It’s almost all negative.” * “We’re going to close hundreds of thousands of stores.” On the consumer: * “They’re still over leveraged, they’re losing jobs, their credit has been cut back.” On America: * “We are in the tank forever. As a country we are out of control, we’re in a death spiral.” On the stock market: * “We’re in terrible shape. That’s what the fundamentals tell me. I can’t explain the stock market.”But it’s not all gloom and doom, believe it or not. Davidowitz, who runs a retail consulting firm Davidowitz and Associates, thinks certain discount retailers, grocers, drug store chains and a select few department stores can survive and prosper in the future.Most notably he likes the “extreme discounters” like Family Dollar, Dollar Tree (which was up almost 5% Tuesday after the company raised its outlook) and 99 Cents Only Stores. And, in the department store sector, he says, Kohl’s will “be the only winner” because of their cost controls. (Davidowitz has no positions in stocks mentioned.)

Vodpod videos no longer available.

One Response

  1. Your not.Get a second job and pile cash on the debt til its payed off.Cancel the cards and never get ahetnor one.Credit cards companies (banks) make all the rules and can change the rules in the middle of the game.Dont obsess with your credit ( I Love Debt ) score. Banks spend millions brainwashing people into thinking they need credit cards and a high I Love Debt score to make it in todays world. That’s a load of crap! Pay as you go and you will win with money.debt Free is definitely the way to be.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: