Industry Headlines for Feb. 12th
As sales skid, shoppers hold on to day at the mall
Associated Press, US
The parking lots at the biggest shopping centers are still filling up on weekends, the food courts bustle with hungry customers and walkways are crowded with gangly teenagers and stroller-wielding moms. Look closely, though, and you’ll see there aren’t many bags. That’s because shoppers at some of the country’s busiest retail centers aren’t buying. Not much, anyway …
Retail group urges stimulus vouchers instead of cash
ABC News, AU
The Senate has been urged to give out vouchers instead of cash payments in its economic stimulus package. A Senate committee is examining the Government’s proposed $42 billion plan which includes $950 payments to a wide range of people …
Consumer Behaviour: All in the mind
Retail Week, UK
You wouldn’t expect the editorial team of a lads’ magazine to be staffed entirely by women, would you? Imagine it, a group of women sat around a table trying to decide the ultimate cool gadgets for men or, for that matter, choose the “High street honey of the week”. The point is, retail businesses are largely run by men. And no matter how hard they try, men cannot think like women and vice versa …
The Straits Times, SG
Russia and Turkey will be among the destinations of choice for international retailers plotting counter-cyclical expansion drives in 2009, an exclusive report obtained by Reuters showed on Tuesday …
Coupon clipping makes a comeback
Financial Times, UK
As US consumer demand falters, the humble money-off coupon – rather than the high-profile advertising campaign – is emerging as a new battleground for some of America’s biggest packaged goods brands …
Was it business as usual for retailers at Dubai Shopping Festival this time?
Gulf News
As the 32-day Dubai Shopping Festival (DSF), comes to a close, it is time to add up the savings. Were retailers across the city, decked out in eye-grabbing banners vying for customer attention, successful? …
What might a green shopping mall look like?
Fast Company
Apparently, the idea of a green shopping mall isn’t an utter absurdity. Sparch Architects has just finished designing a million-square-foot shopping mall for Kuala Lampur, and their vision is maximally green, and maximally livable. The building is to be an anchor for an urban revival …
