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Straits Times (September 18)

2018/ 09/ 19 by jd in Global News

On Monday,  Donald Trump “effectively broadsided one of the world’s largest trade relationships, announcing plans to proceed with tariffs on another US$200 billion in US imports of Chinese goods.” Combined with previous tariffs, “this means roughly half of everything Americans buy from China…is now subject to punitive import duties. Whole industrial sectors stand to feel the effects, including agriculture, manufacturing, textiles and retail.”

 

LA Times (September 11)

2018/ 09/ 13 by jd in Global News

“America’s malls are dying. Owners are hoping virtual reality and fitness centers will save them.” As merchants increasingly withdraw in the face of e-tailers, Credit Suisse “recently predicted 20% to 25% of U.S. malls will shut down within five years…. To survive, malls need to set aside long-established models that rely on two or more anchor tenants to draw customers and, instead, develop a mixture of retail, entertainment and housing.”

 

Wall Street Journal (July 30)

2017/ 08/ 02 by jd in Global News

“The retail industry’s woes are often blamed on e-commerce and an excessive number of brick-and-mortar stores. Creditors are now targeting another potential culprit: private-equity investors.”

 

USA Today (November 23)

2014/ 11/ 23 by jd in Global News

“Thanksgiving used to be one of the few holidays retail workers could count on,” but in recent years more retailers have opened their doors to get a jump on sales. “No one needs to be able to buy a big-screen TV on Thanksgiving.” Consumers can wait until Black Friday (the day after Thanksgiving) when the Christmas sales traditionally commence. Americans should “spend Thanksgiving Day at home — not shopping — so retail workers can be at home, too.”

 

Financial Times (January 15)

2013/ 01/ 17 by jd in Global News

”Britain’s high streets are in mourning. Another chapter of retail history seems set to close after the collapse of HMV, the UK’s last national music chain. It is the latest in a series of household names to shut up shop. But instead of mourning past glories (Sir Edward Elgar opened the first HMV store in 1921), there are good reasons to welcome the process of creative destruction that is finally taking its toll on UK retailing – however agonising it is for those affected.” Killing off zombie companie frees up capital for more productive enterprises. Though some may see the passing of HMV and other worn out retailers as “the end of the high street,” it’s really just “a new beginning.”

 

Forbes (January 17, 2012)

2012/ 01/ 18 by jd in Global News

Will China’s landing be soft or hard? Several factors “help offset weakness and support the ‘soft landing’ thesis.” Urbanization is one such factor, as it helps boost retail sales. In 2011, “China’s urban population surpassed its rural population” with 51.3% living in cities. “Combine more city dwellers with rising incomes and you get the beginnings of the coveted transition from a purely export-based economy into a dynamic domestic/international machine.”

 

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