Search

Looks at the prospects for an economic recovery in the second half of 2003 for the retail industry. Estimated percentage increase in July 2003 sales, according to economists, including a big push from cars and trucks; Impact of refinancing market from early in 2003 and the tax cut provided by U.S. President George W. Bush on the increased consumer spending; Meaning to be gleaned from the continued improvement in companies' gross-margin reporting; Analysis of gross margins from Best Buy, Lowe's, Home Depot and Wal-Mart Stores.

Discusses the impact of gift cards on the retail trade. Way that the loss or underuse of the cards by consumers has created a profit for restaurants and stores; Conflict between states, retailers, and consumers over who should keep the unspent money on cards and whether they should carry expiration dates; Mention of the gift-card company Moneris Solutions Inc., which encourages retailers to buy cards for extra profits; Way that many card recipients spend more than the value on their card.

Discusses how some luxury retailers are trying to attract shoppers' interest by selling certain items in limited locations. Strategy of Tod's SpA, Milan, which plans to renovate its stores in Paris, Rome and New York City; How a minor retail revolution away from standarization at the high end started with Italy's Prada in New York City; Background on global expansion by international fashion houses; Focus of Gianni Versace SpA and Burberry PLC.