Left on the shelf (The Economist)
"American consumers are losing their urge to shop."
Claiborne Cuts Outlook as Firms Batten Down to Cope With Economy (WWD)
As a result of a "shut down in discretionary spending," Liz Claiborne has cut financial projections for 2009.
Usher, fashion icons sniff out fragrance market (MSNBC)
Usher, the American singer, and other storied fashion houses from YSL to Jil Sander launch new scents this fall.
Macy’s to Reinstate Monthly Sales Reports (WSJ)
As a measure to provide investors with as "much information and transparency" as possible, Macy's will temporarily re-instate monthly selling reports.
Toronto Eaton Centre, photo courtesy of Christopher Chan.
With all these gloomy reports that’s spreading virally across each news outlet, do you think that the media also plays a role in dampening the shopping mood for consumers? I’m starting to think that the media is contributing indirectly to the effects of a global recession by striking fear into consumers. Perhaps it’s just me, but let’s not forget that the media likes to sensationalize news to a certain extent in order to attract attention.
Posted by: Dahlia – 27 October, 2008 at 7:44 pmthankyou sohbet
Posted by: sohbet – 28 October, 2008 at 10:27 amPsh, I’m not losing my urge to shop…
Posted by: Anjo – 29 October, 2008 at 9:58 pm