Industry Headlines: June 2
Real estate investment trusts are recovering
Herald Tribune, US
Real estate investment trusts have long been touted as good portfolio diversifiers because they typically do not move in lock-step with other financial markets. But REITs have hardly been impervious to the recent debacle on Wall Street. By early March, returns on property-owning REITs had plunged an average of 75 percent from their peak in February 2007 …
Marvellous day for a moonwalk in tribute to Jackson
Northampton Chronicle & Echo
More than 500 fans screamed and cheered as Michael Jackson tribute artist Navi performed for them outside Weston Favell Shopping Centre in tribute to the late King of Pop. Families arrived in droves to see the act on Saturday, the appeal of which clearly crossed the generation divide, with toddlers and grandparents alike tapping their feet and singing along to Michael Jackson’s greatest hits …
Shopping centre ads more effective than car parks
B & T, AU
A survey of outdoor advertising has found that ads in shopping centres are more memorable, relevant and influential than those placed in car parks. The Survey Sampling International research carried out on behalf of outdoor firm Eye, showed ads placed in shopping centres were three times more memorable, four times more relevant and influential and eight times more likely to encourage trust and value in brands than those found in car parks …
Summer spenders get cold feet
The News & Observer, US
As consumers get ready to celebrate July Fourth, many merchants already have dismissed summer as a washout. Macy’s flagship store has racks of summer tops, swimwear and dresses marked down as much as 50 percent, while luxury retailer Bergdorf Goodman is slashing prices on designer goods by as much as 70 percent …
European June Retail Sales Decline for 13th Month, PMI Shows
Bloomberg, US
European retail sales declined in June for a 13th month as the region’s worst recession in more than half a century and rising unemployment curbed household spending, the Bloomberg purchasing managers index showed …
Live models on display at Foothills Mall
News 4, US
The marketing team at the Foothills Mall says it’s time to try something different. They’re conducting a one day experiment by displaying live models in retail store window …
