Word: attractions
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Dates: during 2000-2009
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...rule in China these days. Rampant overdevelopment of retail space and too-optimistic expectations about the spending power of the country's growing middle class have produced a plethora of gui gouwu zhongxin (ghost malls) in the nation's metropolises-megacenters like Golden Resources that are struggling to attract shops and consumers. Although retail sales throughout China have been growing at 12% a year and in 2006 totaled $800 billion, during China's recent construction boom far more retail space has been added than the market can absorb. More than 500 new malls have been built since...
...There's also scant attention to populating malls with the right mix of shops. Alan Liu, Shanghai-based managing director of Colliers International's North Asia practice, says most try to attract upscale brands. "Everyone thinks they need Prada, Gucci, Fendi in every project, even smaller ones," Liu says. "Well, the vast majority of customers won't spend their money on upmarket products like that." Indeed, at Beijing's Shin Kong Place recently, office worker Zhang Ting, 28, called the center's many high-end international brands "prohibitively expensive." While hundreds of local office workers like Zhang crowded the downtown...
...that Caterpillar is waiting for regulators to drive its business. To attract old parts otherwise headed for the junkyard, the company has devised a trade-in scheme that gives customers an incentive to return worn-out goods to its distributors. If the part is deemed remanufacturable, the customer gets an already remanned replacement at a fraction of the cost of a new one. Cat is also a service provider, advising other manufacturers how to set up a similar system, or in some cases actually running their reman efforts for them. In Europe, for instance, Cat helps Land Rover manage...
...offer seemed smarter way to end a storied career than riding the pine for Real or transferring to a lesser English or European team. With Beckham in their midfield, Galaxy execs dream of creating a "global brand," where they play games against the world's top teams, and attract better players and more fans. His July 21 debut is against London powerhouse Chelsea, although it's an exhibition match of the sort that European clubs rarely take seriously...
Donna Addkison, Nagin's chief economic advisor, disagrees. The administration "very actively pursues opportunities to attract, retain and grow businesses that are already located in Louisiana," she says. "There are over 16,000 businesses in the city, and I can tell you that this calendar year we have made 16,079 contacts with businesses. Sometimes our efforts may not be successful, because there are overwhelming business reasons that will lead them to make that decision [to leave]. But we do try very hard to make sure that businesses are aware of the federal, state and local incentives that...