Steve Jobs, if he had lived, was gonna design an iCar. I think cars have an extraordinary opportunity for cool design. Mickey Drexler Read Quote
If you think you know the consumer better than anyone, then you’re in real trouble. So we take a close watch. You spend time in stores. Mickey Drexler Read Quote
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. Mickey Drexler Read Quote
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. Mickey Drexler Read Quote
Everything has a trend to it; I don’t care if it’s appliances or engines. I always ask, ‘What has a company done in the past five years that somebody’s noticed?’ Mickey Drexler Read Quote
Every single day, I’m curious about everything. Curiosity is finding answers to things. Mickey Drexler Read Quote
I loved the fact that if you put goods on the floor, you could watch them sell. Mickey Drexler Read Quote
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. Mickey Drexler Read Quote
You know what ends up on the markdown racks? All the weird colors. Guys don’t wear orange or citron. Mickey Drexler Read Quote
Don’t be buying out of emotion. Buy less if you love something but feel it’s a risky item. We don’t want overstock. And remember: No profit, no fun! Mickey Drexler Read Quote