Word: retailers
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...industry, retail holds on to people as long as it can. A store that closes means that inventory has to be moved somewhere else. It also means real estate and rent negotiations. A closed store is hard to reopen. The customers get in the habit of going somewhere else...
...Dell's core business is being pinched by three things. The first is that the company was fairly late at expanding into retail outlets overseas. It depended on its direct sales model for too long. The second problem is that the recession has cut Dell's sales. Dell's final problem is that it cannot find the right people to run the company. It recently dumped most of the senior management that it hired just over a year ago. It takes time for new people to get up to speed. Dell does not have time...
...Jobs and consumer confidence are Siamese twins. Retail sales in the last two months of 2008 have already confirmed that. Consumer consumption likely raced downward after the holiday. Store closings and retail industry lay-offs are signs that the shoppers who did not show up in the fourth quarter are staying away...
...sense of just how far Mattel is deviating from script requires a trip to the retail district in downtown Shanghai. There, on March 6, the company plans to open a 38,000-sq.-ft. (3,500 sq m) House of Barbie - the first of its kind in the world. This is nothing like the Main Street toy shop of yesterday. To enter the eight-story showpiece space, customers pass through a pink neon-lit tube, where the prerecorded sound of giggling girls grows progressively - some might say demonically - louder. After registering for a Barbie passport, visitors can get their hair...
...trillion-dollar tower in hopes that--by painting the word stimulus down the side--it will lift off like an economic rocket. There is no Plan B. The hero of recessions past--the American shopper--has left the mall. For the first time in its history, the National Retail Federation predicts consumers will actually spend less over the coming year. Super Spender can't save the day when stuck in the unemployment line...