President, WSL Strategic Retail
President of WSL Strategic Retail, a New York City consultancy in retail shopper strategy, and publisher of How America Shops, a biweekly publication
PROFILE
Candace Corlett
Guest
FROM Candace Corlett
Press Play with Madeleine Brand
Where Are Young People Shopping? American Apparel filed for bankruptcy this morning. Among other problems, the Los Angeles-based clothing company hasn’t turned a profit since 2010. But CEO antics notwithstanding, American Apparel isn’t alone. Youth-focused chains like Wet Seal and Delia’s entered bankruptcy last year, and staples like Aeropostale and Abercrombie & Fitch are also struggling. So where are young people spending their money instead?
Which Way, L.A.?
The New Thriftiness in America Today's news that consumer spending dropped by one percent last month -- the biggest decrease since 2001, isn't what retailers want to hear right now. After a day of thanksgiving, the holiday shopping season kicks off on Friday, traditionally the biggest shopping day of the year. Retailers count on weeks ahead to bring in one-third of their annual sales. What are retailers doing to bring shoppers in? Are Americans re-thinking their consumer habits in the midst of economic hard times? Will more people be drawn to the simple lifestyle movement? What shifts does that signal for an economy that depends on consumer spending?
To the Point
The New Thriftiness in America Today's news that consumer spending dropped by one percent last month, the biggest decrease since 2001, isn't what retailers want to hear right now. After a day of thanksgiving, the holiday shopping season kicks off on Friday, traditionally the biggest shopping day of the year. Retailers count on weeks ahead to bring in one-third of their annual sales. What are retailers doing to bring shoppers in? Are Americans re-thinking their consumer habits in the midst of economic hard times? Will more people be drawn to the simple lifestyle movement? What shifts does that signal for an economy that depends on consumer spending?
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To the Point
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To the Point
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To the Point
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