Word: retailing
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Dates: during 2000-2009
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After the discussion on Barry’s corner, developers also presented plans for the redesign of the Holton Street Corridor, a mix of residences and businesses adjacent to Brighton Mills. Some of the ideas included adding multi-functional retail spaces that would contain a pharmacy, a grocery store and a series of small neighborhood parks...
...discussion on urban planning will continue next Tuesday at the Community-Wide Plan meeting that will focus on options for housing and retail in Allston...
...usually resilient retail sectors like luxury goods expected to be unscathed. The collapse of major banks and Wall Street firms means thousands of wealthy consumers are faced with vanishing annual bonuses at best and job losses at worst. "Even in a down economy like last year, the luxury market tended to be recession-proof," says Krugman of the NRF. "But Wall Street workers were hit the hardest, and they make up the core customers of the luxury market, especially in New York City...
...adapt to leaner times, retailers are keeping fewer items in stock and many department stores are hiring fewer extra workers for the holidays. Shops selling necessities may weather the Christmas storm best. "The stores that will do well are the ones selling what you have to have to survive and selling it cheaply," says Howard Davidowitz, chairman of Davidowitz & Associates, a national retail consulting and investment-banking firm. Says Barrow, the Burbank TV writer: "Every financial decision I make, I now ask myself, Do I really need this...
...number of economic signals suggest as much. Market volatility indices are way up. In addition to economic stagnation reflected in nine consecutive months of job losses, retail sector struggles and a suffering automotive industry, the market is fretting about potential disasters yet to come in the banking arena. European banks appear increasingly unstable, and doubts remain about American insurance companies and financial institutions stuck with dubious debt obligations...