Word: owners
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...Middle-class Indians are still hesitant about spending in malls because they think prices are higher here," adds Sanjay Singh, owner of Chikankari, a garment store in Noida's Centrestage Mall. Singh acknowledges that he has to pay more for rent and electricity than if his store were outside a mall?but like most retailers, he denies that he bumps up his prices to cover this added cost. Still, many Indians are convinced that mall-based stores charge more, so they tend to keep their wallets closed. According to KSA Technopak, the "conversion rate"?the percentage of visitors who turn...
...restaurants, the mall's glistening exterior seems to capture the exuberance of India's economic boom. Inside, however, except for a busy restaurant and supermarket, business is sluggish, and many shops are slathered with signs proclaiming SALE. "The customer response has been far below our expectations," says Atul Kaushal, owner of Threads & Toes Mart, a shop that sells jeans and shoes. "Many people come to the mall to look around, but very few actually buy anything." Kaushal says he's just about breaking even, but in another part of the mall, the manager of a shoe store is even more...
...present in 70-80% of the capital's new malls, points out a fundamental problem facing malls that are already operating around New Delhi: a lot of people come to see them and to enjoy the air-conditioned luxury, but not many spend money there. Usha Varadharajan, owner of The Next Shop, which sells gift items like crockery and soaps in the Centrestage Mall in Noida, another township near New Delhi, knows the phenomenon all too well. "Most people just walk in and walk out without buying a thing," she says. Standing outside her store, 17-year-old Ankur Malik...
...spend $1,500 for a purse. I fail to see the appeal of these products. They are not attractive, practical or economical. The only selling point is that expensive designer bags are covered with the maker's logo. But that only serves to declare to the world that the owner has no self-confidence and no sense of aesthetics or economics. Debbie Fields Las Vegas Hail to the Chef Joel Stein's tribute to Julia Child, "Living Through Better Cooking," was right on the mark [Aug. 23]. I owe my passion for cooking in large part to this remarkable woman...
...Talk about a great eye. in April 1935, New York City gallery owner Julien Levy hung the black-and-white images of three unsung photographers on his walls, and all three went on to make huge contributions to the 20th century's image bank. The exhibition, entitled Documentary and Anti-graphic Photographs, showcased the early work of Manuel Alvarez Bravo, Henri Cartier-Bresson and Walker Evans. This week, just a month after the death of Cartier-Bresson, the longest-surviving member of the trio, the first-ever recreation of Levy's exhibition opens at the Fondation Henri Cartier-Bresson...