Weekly Shop Report
Wall Street wha, wha, wha, twenty ten forecasts, and how to cope with retail news overload.0
In case anyone still cares about the Wall Street bonuses, which no one does because there are international crisis like earthquakes and abducted children and suicide bombers to worry about, the over-valuating bankers will, supposedly, boost retail. But being part of the retail and all, we cannot help but be happy for that and promptly move on…
For Twenty-Ten, there are many changes big and small in the air for retailers. In Cali, Forever 21 launched a new department-style store about 20 miles outside of L.A. The “emporium” will apparently provide more choices and hopefully be more organized, feature nicer staff and less damaged clothing items. Luxottica sales were down, but for some reason they see sunshine in the year ahead.
Apparently Target will fine tune their marketing strategy to (re)focus on quality rather than, er, guest designers? We thought that did indicate quality? Apparently the “Expect More, Pay Less” will emphasize the “Expect More” part. Retailers outlined their twenty ten strategies and sent them in to WWD in case you were in the market for some light reading. All in all, last week was shitty with the retail market down 1.9%, so drumroll please… In a surprise showing, French Connection, DSW, Frederick’s of Hollywood and Ann Taylor were in the black. Our old favorites Phoenix Footwear, Crocs, Bluefly and Sally Beauty are in the red.
As for twenty ten ahead, who really knows anything save that we will continue to be bombarded with retail overload. So we’ll just bring it week by week…in shopping.
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