{"id":1004211300,"date":"2009-10-07T00:00:00","date_gmt":"2009-10-07T08:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/cpe-uncategorized\/retail-leaders-gather-in-dallas\/1004211300.html"},"modified":"2022-12-04T15:21:28","modified_gmt":"2022-12-04T23:21:28","slug":"retail-leaders-gather-in-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/retail-leaders-gather-in-dallas\/","title":{"rendered":"Retail Leaders Gather in Dallas"},"content":{"rendered":"

\u00a0<\/p>\n

\"\"<\/a>Challenging times, continued re-tuning, and celebrating the few successes. There were many key insights to learn from this group of industry leaders, gathered in Dallas recently for the International Retail Design Conference. New strategies for value and environmentally conscious consumers and brands, localization and regionalism, global retail development in markets like China, India, Middle East, Latin America, experience based retail design, and community connections were discussed in depth. Here is what some of them had to say during our 3 days in Dallas together.<\/p>\n

From Burt Tansky, CEO of Neiman Marcus<\/span><\/span><\/strong> <\/span><\/span><\/p>\n

\u201cOnce you acquire a taste for luxury it remains, it doesn\u2019t disappear, though it may be dormant for a while\u201d <\/span><\/span><\/p>\n

Also \u201cTrends come and go, quality and great design are always in style\u201d<\/span><\/span><\/p>\n

Keys to NM brand \u201cImprove, Innovate, Improvise\u201d<\/span><\/span><\/p>\n

\u201cLuxury never changes\u201d \u2013 as part of a dialog that Neiman Marcus is not trading down (though they are broadening some of the merchandise ranges, and experimenting with midday dash sales)<\/span><\/span><\/p>\n

He did admit\u00a0<\/span><\/span>\u201cI can\u2019t get out of Costco for less than 200$\u201d and his fondness for shopping at Costco..<\/span><\/span>\u00a0<\/span><\/span><\/p>\n

\"\"<\/a>

New Neiman Marcus Store at The Bravern, Bellevue <\/p><\/div>\n

John Mulliken,\u00a0VP Store Planning and Development, Louis Vuitton<\/span><\/span><\/strong><\/p>\n

\u201cLouis Vuitton never goes on sale\u201d and \u201cWe must create the highest level of customer experience\u201d<\/span><\/span><\/p>\n

On keys to LV brand — \u201cCraftsmanship, Innovation and Technology\u201d<\/span><\/span><\/p>\n

\u00a0<\/span><\/span><\/p>\n

Others, overheard<\/span><\/span><\/strong><\/p>\n

\u201cDon\u2019t plan 2010 budgets on today\u2019s (20-25%) reduced construction costs \u2013 material and labor costs will rise\u201d<\/span><\/span><\/p>\n

“There is nothing like a good recession to get you to run a better business”<\/span><\/span><\/p>\n

\u00a0<\/span><\/span><\/p>\n

\u201cDo more with less\u201d \u2013 repeated by many\u2026<\/span><\/span><\/p>\n

<\/span><\/p>\n
<\/span><\/span><\/div>\n

<\/p>\n

On budgets “no renovations, new stores, travel – significant restrictions on all capital expenditures<\/p>\n

\u00a0<\/p>\n

<\/span><\/span><\/p>\n

James Smith<\/span><\/span><\/strong>, Director of Store Design, Anthropologie, on winning the retailer of the year award<\/strong>\u00a0 <\/span><\/span><\/p>\n

Anthropologie has been doing \u201clocal\u201d since the 1980\u2019s \u2013 the key is operational ownership at the store \u2013 merchandising, design, and visual display \u2013 <\/span><\/span><\/p>\n

\u201cEmpower the people in the stores\u201d\u00a0\u00a0<\/span><\/span><\/p>\n

\u201cNo\u00a0two stores are the same\u201d <\/span><\/span><\/p>\n

\u201cCreate a canvas to build on but allow the opportunity for empowering local teams to interpret and create\u201d<\/span><\/span><\/p>\n

What will the industry look like next spring?\u00a0Who will be thriving? Luxury retail numbers continue to slide.\u00a0 Meanwhile, look at new innovations like Uniqlo\u2019s ramp up of their global expansion on current same store sales increases of 30%++\u00a0 Look at their new +J Jill Sander line, released October 1st\u00a0\u2013\u00a0timeless design and detailing at a fraction of the cost of the full line label.\u00a0 <\/span><\/span><\/span><\/span><\/p>\n

The reflective trends\u00a0such as\u00a0pride in thrift related to post-great-recession values and\u00a0re-localization of big brand rollout stores are strong indicators of a long term shift in the market.\u00a0 It is true that great design and quality are always in style, but at what cost?\u00a0 The value proposition is a foundational key\u00a0to the new consumer mindset and bottom line. There is a new found pride in thrift rather than bling. There is also an interesting alignment of these values with new\u00a0developments in sustainability and environmental consciousness. Re-use, re-cycle, re-purpose \u2013 all good for the environment and the pocketbook. <\/span><\/span><\/p>\n<\/div>\n

\u00a0<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Challenging times, continued re-tuning, and celebrating the few successes. There were many key insights to learn from this group of industry leaders, gathered in Dallas recently for the International Retail Design Conference. New strategies for value and environmentally conscious consumers and brands, localization and regionalism, global retail development in markets like China, India, Middle…<\/p>\n","protected":false},"author":1323,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39372],"tags":[],"class_list":["post-1004211300","post","type-post","status-publish","format-standard","hentry","category-cpe-blog"],"acf":[],"yoast_head":"\nRetail Leaders Gather in Dallas - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/retail-leaders-gather-in-dallas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail Leaders Gather in Dallas\" \/>\n<meta property=\"og:description\" content=\"\u00a0 Challenging times, continued re-tuning, and celebrating the few successes. 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