Howard Davidowitz Expects… Thing to turn out a lot worse than his bloomberg rah-rah interviewer.
Davidowitz is one of the most outspoken analysts on the retail sector. He says it how it is and sometimes his meassage gooes against what the sheeple think. Aparently Hermes, Coach and Tiffay are going to be fine, due to the bankster bailot. Everyone else is going to be shopping at TJ Max and Dollar Tree. The middle class might save up a bit and shop at Walmart.
He correctly points out that the recent uptick in Jan Retail sales are fairly meaningless due to the fact that Jan represents on 6% of the anual sales number, and is primarily driven by promotions. February should be a disaster, he reckons.
