Industry Summits
Cutting back? So are the bigwigs
NEW YORK (Reuters) - Top retail and luxury executives are sacrificing watches, vacations and new cars in the economic downturn, but keep your hands off their newspapers, nonfat lattes and bicycles. Full Article
Will empty big-box stores ever get filled?
NEW YORK (Reuters) - The recent wave of retail bankruptcies has left lots of empty storefronts in shopping centers and malls, and landlords may be in for a long drought as retailers curtail expansion plans amid recession. Full Article
Crisis gives high-end retail industry a makeover
NEW YORK (Reuters) - Fashion and retail executives are adding new ingredients like extensive customer data and streamlined websites to their marketing mix to get consumers to buy in the recession. Full Article
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Price wars to heat up holiday
NEW YORK (Reuters) - It is a little bit early to tag a must-give gift for the 2009 holiday season, but one thing seems clear in the recession: Cheap, or at least cheaper, will be chic. Full Article
You may never have it so good again: retail execs
LONDON (Reuters) - You've "never had it so good," British Prime Minister Harold Macmillan told the first generation of mass-market consumers in 1957. Full Article
VF Corp sees markets "stabilize"
LONDON (Reuters) - VF Corp , owner of brands such as Wrangler, Lee, Vans and The North Face, has seen its markets in the United States "stabilize" but does not expect a return to growth in 2009, its chief executive said on Friday. Full Article
ASOS sees slower growth; big prospects abroad
LONDON (Reuters) - British online fashion retailer ASOS expects sales growth to slow in the coming months, but is confident of meeting analysts' expectations and upbeat about prospects for its international expansion. Full Article
Gruppo Coin says June like-for-like flat
LONDON (Reuters) - Italian department store chain Gruppo Coin has seen flat like-for-like sales in June so far after a "big pickup" in May, Chief Executive Stefano Beraldo said. Full Article
U.S. malls' ills give independent stores an opening
NEW YORK (Reuters) - The wave of bankruptcies that has eliminated dozens of U.S. retail chains could force landlords to rethink their traditional aversion to having small, independent retailers as tenants, a retail real estate expert said on Thursday. Full Article
Mattel plays "wait and watch" game
NEW YORK (Reuters) - This holiday season, the world's No. 1 toy maker, Mattel Inc , will play a game of its own -- wait and watch. Full Article
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