Word: retail
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Dates: during 2000-2009
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...today's teenagers are indeed spending more responsibly, how long can this attitude last? While retail analysts repeatedly claim that adults will never again consume like they did in prior years, they don't make the same claim about kids. Klinefelter says there's plenty of pent-up demand in the teen sector. Yes, teens aren't spending because of the recession, but that's also because retailers have failed to create a hot new trend. Denim has been the default teen look for the past few years, and nothing has knocked it off its perch. "Once the dominant...
...Sure, discount stores tend to withstand downturns. But since the slowdown began, two of Primark's competitors - MK One and Select - have been restructured under creditor-appointed managers. What makes Primark different - and keeps customers interested - is a keen eye for fashion trends worthy of a more expensive retailer. Devotees call the store Primani or Pradamark in honor of its acute fashion sense. And hot styles are delivered with commendable speed. New products can take as little as six weeks to hit the hangers. Primark has bridged "the gap between sheer value and fast fashion," says Robert Clark of London...
...What's more, Primark in recent years has invested in upgrading its outlets so the shop floor looks as hip as the clothes. "Primark has been moving into big stores that look as good as any middle-market retailer," says Maureen Hinton, lead analyst at U.K. retail consultants Verdict Research. "If you can pick up a dress for GBP 15 [$24] in a place that looks as good as any other High Street store, it makes the value even better." Even in hard times, it pays to keep up appearances...
...result of what happens to that money. "Money is like blood. It needs to keep moving around to keep the economy going," he says, noting that when money is spent elsewhere-at big supermarkets, non-locally owned utilities and other services such as on-line retailers-"it flows out, like a wound." By shopping at the corner store instead of the big box, consumers keep their communities from becoming what the NEF calls "ghost towns" (areas devoid of neighborhood shops and services) or "clone towns", where Main Street now looks like every other Main Street with the same fast-food...
...nearly half the land in Tysons is either roadway or parking. The new incarnation will be less car- and more people-oriented. So instead of there being stores and offices set back from the road, with parking in between, new mixed-use buildings will hug the sidewalk, with retail on the first floor to accommodate passersby. Buildings will be squeezed together, Manhattan-style. "The new plan? It's basically known as urbanism," says Fairfax County planning commissioner Walter Alcorn...