New York Magazine has an expansive article this week titled Freakoutonomics. It's filled with interesting sidebars, including what it takes for a business to survive, how bodega owners see things, and a gallery of quotes from retailers. It's a must-read for anyone tracking this sector.
The article also uses the term "retail anthropology," which is quite nice, and which this author hasn't heard since reading Paco Underhill's Why We Buy.
Another locally trended story is how different shopping hubs are faring in the downturn. The consensus: not well. Recent articles have covered Greenwich, Conn.; Newbury Street in Boston; and New York's Madison Avenue. Myriad additional stories report on closures and traffic patterns at malls around the country.
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