Archive for February 19th, 2008

Indecency at the Mall

The Atlanta-Journal Constitution had a point/counterpoint up this weekend about indecency at the mall.

Here are excerpts from each.

From the “Yes there is indecency” side:

And that is the reason advertising is getting more indecent: Some retailers have a warped sense of “normal,” and mainstream America isn’t letting them know. In Virginia Beach, the A&F store got complaints – but the mall management got none! All indecency and obscenity laws depend on an image violating acceptable “community standards.” Well, most people find sexual advertising far less acceptable than A&F thinks. If concerned people don’t join groups like iCareCoalition.org to push back, we have only ourselves to blame when A&F is able to say the Virginia police had an “incredible overreaction” – because, in their view, the community obviously finds those pictures totally fine.

And from the “No there’s not” side:

My sympathies never lie with alienating, elitist retailers like Abercrombie & Fitch — girlcott them, boycott them, shop elsewhere if the vibe offends. Yet I’ll always go to bat for art, and for the ability of young people to somehow survive exposure to an underwear model in an underwear store, or the image of a statuesque guy spotted in a field on a lazy summer afternoon. Now — you want to talk mall indecency? Look at the price tags …

S&P Releases November Results of its Commercial Real Estate Indices

Standard & Poor’s announced the November results of its S&P/GRA Commercial Real Estate Indices. Retail was down slightly from October to November, but was still up from one year ago.

The latest readings:

Property Type November 2007 Index November/October Change (%) October/September Change (%) 1-Year Change (%)
Apartments 145.85 0.7% 2.0% 2.4%
Office 144.92 -2.0% -2.5% 7.5%
Retail 158.55 -0.4% -0.6% 5.4%
Warehouse 159.12 0.8% -1.5% 7.0%


Previous posts on the S&P/GRA Indices can be found from January 22, January 2, November 28, September 18 and August 21.

Quantifying the Closings

I’ve linked to a ton of announcements of retailers closing stores. Here’s the first attempt I’ve seen to put all of the closings into a broader context. ICSC is quoted in this piece. They’re saying first quarter closings are up and projecting the industry will see the largest number of retailer closings since 2004.

Here’s a copy of the chart that ran with the story:

closings

The story also notes that unlike last year–when many of the closings were in the home furnishing sector–this year trouble has emerged among apparel retailers.

But this year, the announcements of store closings are spreading to less-expected areas, with apparel being hit hardest, Connolly said. Of the 1,600 announced store closings this year, 650 are in the apparel sector.

So far, companies have mostly decided to shut down offshoot brands that are struggling, Connolly said. For instance, Talbots is closing all 66 of its Talbots Kids stores as well as its 12 Talbots Men’s locations. Pacific Sunwear is closing its demo chain, which sells urban-inspired apparel, including the Mission Valley location.