Howard Davidowitz Good Quotations

Furniture doesn't typically spell romance. A sporting goods store is another off-beat destination. I mean, what would you get? A paddle, a tennis racquet?

What happened in the third quarter is that retailers controlled inventory and expenses tremendously. So expect to see pretty good gross margins and expect to see inventories down. Put it all together and earnings will be fair.

As a negotiating strategy, I would assume Saks is trying to package the whole thing -- to sell the good with the bad.