C-SUITE

  • Fair Warning

    Thinking of opening a store on Manhattan’s Fifth Ave? Be prepared to shell out some hefty rent. The average rent for space along Fifth Avenue’s prime stretch from 49th Street up to 59th Street hit $1,900 per square foot in the first quarter, according to the latest CB Richard Ellis (CBRE) Global Retail MarketView. The second-highest U.S. retail market? Los Angeles, with rents of $520 per square foot.

  • Speaking of Customers

    Normal 0 false false false MicrosoftInternetExplorer4

  • Fascinating Read: 'Force of Nature'

    With a subtitle of “The Unlikely Story of Wal Mart’s Green Revolution,” this book, by Pulitzer Prize-winning journalist Edward Humes, is a must-read for anyone who remains doubtful that going green can actually be profitable.

    Click here to learn more.

  • Organic growth best for increasing market share

    Organic growth initiatives come out on top (46%) when it comes to how to increase market share, followed by a mix of organic growth and M&A (22%) and primarily M&A (22%), according to a survey of 152 senior financial executives of global retail companies by KPMG International.

  • It’s not the economy. Or the cost-cutting.

    Starbucks CEO Howard Schultz told Britain’s Sky.com that the chain’s focus on improving its offerings and encouraging innovation as opposed to cost-cutting and store-closings are the reasons for its turnaround.

    “You can’t “cut your way to prosperity,” Schultz said. “You have to create growth and opportunity.”

X
This ad will auto-close in 10 seconds