American - Businessman | August 17, 1944 -
A merchant is someone who figures out how to select, how to smell, how to identify, how to feel, how to time, how to buy, how to sell, and how to hopefully have two plus two equal six.
Mickey Drexler
TimeFeelSomeoneSmellEqualOut
I always wanted to have my own company. It was a psychological issue.
My OwnCompanyAlwaysOwnWanted
I would like Madewell jeans to be the Levi's of its generation.
GenerationJeansWouldLikeLevi
I look at companies as price-players or quality-players. The only way to go with J.Crew was quality.
QualityLookGoWayOnlyCompanies
I loved the fact that if you put goods on the floor, you could watch them sell.
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When I started at Bloomingdale's as a buyer, Alexander's was a discounter across the street, and every time Alexander's had something that we had at Bloomingdale's, we'd have to meet price. I didn't really want to be in a business where I had no control over my inventory, the value of my inventory.
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In a business, you have a vision, and you follow the vision. You have to execute. And then you have to learn how to run a good business. And I think if you look at the characteristics of any successful fashion business, it's all about that.
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When I was young in the business, I felt anything I wanted to buy personally and professionally was always too expensive.
BusinessYoungAlwaysBuyAnything
If you don't care about the lapel or the buttons or the fit, then you are doing a disservice to the consumer. We're all inside the tunnel, speaking the language of business, but we need to speak the language of customers.
BusinessSpeakCareLanguageDoing
It takes a long time to get a reputation for quality. There are people in our industry, they're basically copiers. Look at the cars on the streets. They all look alike. But if you put quality into a product, then have it validated, you have huge credibility.
TimeQualityPeopleReputationLook
Data is very important, but you have to be good at reading the data in an emotional way. If you look at a selling report, there's an emotional trend to what's selling.
GoodReadingDataYouLookSelling
Growing up, I always wanted a bedroom of my own.
Growing UpGrowingMy OwnBedroomUp
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