Word: retailing
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...right retailers, today is a time of great opportunity. "Right now a scary place to be is in the middle," says Christine Chen, retail analyst at Needeman & Co. "If you have your product right, you want to be high-end or value...
...Urban Outfitters and Anthropologie: Two bright spots in mid-priced retail are these sister stores. Both are thriving by investing in competent employees and offering a good mix of merchandise people won't find anywhere else. "They have a unique display selection and a director in every store," says Howard Davidowitz, Chairman of Davidowitz & Associates, a national retail consulting and investment-banking firm.. "No other store looks like them." The catchy windows draw people inside. The funky clothes sell themselves. Chen of Needham & Co. flagged Urban Outfitters as one of the best growth stories in the specialty retail space...
...Walgreens: Drugstores have stopped their decline among all income groups, by reclaiming customers looking for cosmetics, skin care and over-the-counter drugs, according to WSL Strategic Retail's How America Shops 2008 survey. Walgreens leads the drugstore sector in sales and profits with 1,600 24-hour stores (out of their 6,237 outlets), convenient locations and easy online access. In the first quarter of 2008, the Deerfield, Ill.-based chain reported a 5.5% increase in earnings and a record $14 billion in sales...
...Kroger: The largest traditional food retailer in the U.S. is doing well because its stores are convenient and people still need to eat. According to the WSL Strategic Retail survey, spending on food showed a net gain of 34 percentage points between those spending more versus those spending less compared to 2006, mostly because food prices have gone up. It has less to do with people buying more or trading up to gourmet items. Kroger's fourth quarter same-store sales at those open at least a year increased...
...Tiffany & Co.: The little blue box is doing just fine, particularly overseas. After all, wealthy folks still have Valentine's Day and wedding gifts to buy. Luxury retailers without an international presence are the ones struggling. "Tiffany's end results were pretty good because they don't only sell to clients looking for affordable luxury but to very rich customers who are not necessarily impacted by the U.S. dollar," says Dave Sievers, retail practice leader at Archstone Consulting. He foresees luxury spending stabilizing or even increasing as 2008 progresses. For this fiscal year, Tiffany predicts at least a 10% growth...