09 Apr
As we slowly grind into the 20 month from which we can see the August 2007 stock market peak in the rearview mirror of our nearly bankrupt American automobile, the market is hesitant in which way it wants to move after the little bull market we are experiencing. Yet the public has no doubts about [...]
Posted in Psychology, Retail, Society, US Economy by: crash
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08 Apr
Vacancies surged at U.S. strip malls in the first quarter and set a record at U.S. regional malls, as the deterioration in the retail real estate sector accelerated, according to real estate research firm Reis.
Barring a significant economic change, Reis does not expect vacancies to stabilize until sometime in the middle of 2012 if an [...]
Posted in Real Estate, Retail, US Economy by: crash
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06 Apr
What’s the last thing people want in a recession? More kids, apparently. According to data-tracking firm the Nielsen Co., dollar sales of products in the “family planning” category, which include condoms and over-the-counter female contraceptives, were up 10.2% for the first two months of this year. Unit sales were up 1.5%, which indicates that consumers [...]
Posted in Retail, Society, US Economy by: crash
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05 Apr
In these desperate days in American retailing, mall owners are seizing on a new gimmick: wave-making machines.
A half-dozen malls across the country are planning to install a huge contraption called the Flowrider in vacant retail space. Where once people shopped for three-packs of underwear or sheet sets, they are now turning up in flip-flops and [...]
Posted in Retail, US Economy by: crash
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31 Mar
Enclosed shopping centers, long the cathedrals of American consumerism, are closing their doors by the hundreds as the recession continues to clobber retail sales. Is America’s love affair with the mall over?
Are malls dying?
The vital signs are not good. Even before the recession hit, consumers had developed mall fatigue, and the classic enclosed shopping mall [...]
Posted in Retail, Retirement, Society, US Economy by: crash
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13 Mar
Nothing says more about the American mind-set than what consumers are buying, and ignoring, at drugstores, supermarkets and mass-merchandising outlets like Wal-Mart and Target. TIME asked the Nielsen Co. to identify the best- and worst-performing product categories during this recession, and the findings are quite revealing. In general, people are buying more food to prepare [...]
Posted in Retail, Society, US Economy by: crash
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21 Feb
About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it’s clear there’s too much retail space. Just visit Web site deadmalls.com and track retail’s growing body count. And luxury retailers? They’re on “life support,” Davidowitz says.
Among the [...]
Posted in Retail, US Economy by: crash
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13 Feb
Here’s some bad news for consumers who are actually in the mood to shop through this recession: Bland, boring and basic products are coming to stores near you.
That’s because retailers - afraid of being stuck with even more unsold merchandise - don’t want to take a risk on selling products that seem too innovative or [...]
Posted in Retail by: crash
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12 Feb
Sales at U.S. retailers unexpectedly halted a record six-month slide in January, an advance that may not be sustained as job losses climb.
The 1 percent increase followed a 3 percent drop the prior month, the Commerce Department said today in Washington. Excluding cars, the gain was 0.9 percent. Last month’s rise reflected higher gasoline prices [...]
Posted in Retail, US Economy by: crash
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14 Jan
Stung by weak demand and falling prices, U.S. retail sales plunged a seasonally adjusted 2.7% in December from November, the Commerce Department estimated Wednesday.
Excluding a 0.7% decline in auto sales, retail sales recorded their biggest drop since record-keeping began in the early 1990s, falling 3.1%.
And with both gasoline and autos excluded, sales fell 1.5%, the [...]
Posted in Retail, US Economy by: crash
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