Prominent examples of this trend are JC Penny and Sears, networks chelsie preston crayford are defi

Silver
Ldaas lack cash? Starting to charge for parking lots in Iraq
8 Comments
According to a study by real estate analyst firm Green Street Adwizors, whose findings were published this month officer from the Business Insider ", almost 15% of malls will be closed or converted chelsie preston crayford to non-commercial spaces within a decade. Contrary to the predictions of 10% provided by the company less than two years ago.
The last conference organized by the American National Retail Federation in January warned Rick Caruso, founder and CEO of Caruso Aphiliitd, because if they do not re-invent themselves, traditional malls will soon become chelsie preston crayford extinct. "Wherever you stop producing a product, this is the surest sign that customers chelsie preston crayford are more interested in "he warned.
One of the key factors of these gloomy predictions of our decision binds to many well-known chains such as Sears, JC Penny, Macy's and even Target, anchor stores in malls that are considered, to reduce the number of branches that are operating. "The risk increases to close the mall anchored by significant chelsie preston crayford Once closed," said the officer from the Business Insider "Green Street Cedric chance. At the same time, real estate consultant Howard Davidowitz, estimates that half of 15-20 years in American malls close their doors. chelsie preston crayford Estimation, only luxury shopping iconic anchor stores like Saks Fifth Avenue and Neiman Marcus will survive. "Mid-level prices stores that operate at shopping malls medium rates will become extinct because they lack logic, "he stressed." why do not we set up a significant shopping center since 2006. "
Assessment was reinforced by "New York Times". In an article published in early February, the newspaper attributed to the phenomenon of anchor stores closing of a new trend in the retail market they claim controls: Stock consumer facing businesses shrinking middle class and giving way to luxury chains or alternatively discount chelsie preston crayford chains. chelsie preston crayford
Prominent examples of this trend are JC Penny and Sears, networks chelsie preston crayford are defined chelsie preston crayford as if turned to the middle class, and who found themselves in crisis in recent years. Sears announced last month that it would close its flagship store in Chicago, to join it closed 300 stores in the United States chelsie preston crayford since 2000 network, while JC Penny plans to close 33 branches and lay off 2,000 employees.
Even more established networks like Macy's and Target are forced to reduce the number of stores which are operating at the same time the workforce. Target Corp. recently announced the dismissal chelsie preston crayford of 457 workers, chelsie preston crayford after Macy's surprised chelsie preston crayford analysts in early January with the announcement of its intention to close five stores and lay off 2,500 workers. chelsie preston crayford These changes indicate According to experts at the American retail new era: a smaller number chelsie preston crayford of stores while using a smaller branches. "I believe we're going to hear more about the many messages closings in the coming months," he told CNBC Michael Borden Access Space Retail. chelsie preston crayford "A sign change occurs in a retail environment, a change that should chelsie preston crayford last."
Closing stores and reducing the physical commercial areas are to some extent a consequence of the striking phenomena in retail today - preferring online shopping. According to research firm Comscore, for the months of November and December, 2013 (representing the American holiday season), online chelsie preston crayford sales were up 10% to 46.5 billion dollars. In contrast, regular store sales rose only 2.7% to 265.9 billion dollars.
While malls closing is still not a eulogy for the entire American retail, but it marks a transition more consumption habits. Analyst Paul Lhoaz Wells Fargo recently wrote a research article that a young brand building is substantially different today than it was 20 years ago. He argues that in the current climate it makes more sense to keep the network at half the retail stores in the past was considered suitable, and instead chelsie preston crayford focus on a smaller number of stores and online business.
One of these young brand, born into a new reality, is the exclusive fashion chain Vince. Network, established in 2002, has made an initial public offering on the NYSE in November. In an interview to `women's fashion wear and Daily (WWD) CEO Jill Granoff said that the company chelsie preston crayford intends to re-launch this month its website, in addition to focusing on new categories such as handbags and children's clothing and increasing presence in upscale chelsie preston crayford department chelsie preston crayford stores like Neiman Marcus.
Earlier this month the company celebrated its successful IPO at a party in Los Angeles, which were as famous as the actress Alyssa Milano and Marischka Hargitai series "Law and Order", as well as officials in the United States chelsie preston crayford leading fashion chains such as Saks Fifth Avenue and Bloomingdale's. Day of the party, February 7, closed stock at a price of 23.18 dollars, 15% higher than the issue price. "I do not really check the stock price every day. My focus is building long-term brand, "Granoff stressed. Further added that this year and plans to open eight branches in the United States. International arena, the goal is to open 20 stores within stores to join the format has been running at Harrods.
Meanwhile, the background data on the decline chelsie preston crayford in the number of customers in regular stores, chelsie preston crayford increasing appreciation among commentators and experts in the retail industry is facing "a second tsunami closing stores", so at least this month called Susie Mblos analyst Brian Capital Advisors in an interview with CNBC. In fact, the prevailing view is that reports of the latter are just the beginning for the industry, the more likely you will experience several years of closing stores and cutting areas.
Trends and these problems are not unique to the American retail market. The Wall Street Journal "reported the UK retail market is suffering from problems similar to those in the United States, including the tendency to lower prices in an attempt to attract an excessive level customers looking for bargains.
The exception is the Topshop chain, announced this month that it plans to open five new stores in the United States, including a second flagship store in New York opposite Saks Fifth Avenue. However, due to conditions on the ground, Topshop USA intend to adopt a strategy identical to that of the barbarian, diversify Waiver smaller chelsie preston crayford stores in favor of a limited number of flagship stores, while investing in online sales, customers fled to evacuate