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Big Orange retailers’ index at 4-year low
December 23rd, 2008, 5:00 pm · 1 Comment · posted by Jon Lansner
Wonder why everything seems to be on sale — and local retailers shut doors with regularity?
Here’s what the Big Orange Index — a collection of three dozen markers of the local economy by me, Register columnist Jon Lansner — has to say about selling conditions for local retailers! The Big O’s merchant index tumbled to a 4-year low this past autumn …
Five straight drops, longest losing streak since early ’90s. Even first drop in wholesale prices in six years could not help. Largest cut in jobs in Big O’s 20-year database shows little confidence in holiday shopping season.
The Big O merchant index is one of six niche indexes that comprise the overall Big O which fell for the 7th consecutive quarter this autumn …
Need more convincing? See the chart! That’s the yearly rate of change for the Big O merchant index. Not pretty!
… and CLICK HERE to read my full Big Orange analysis!
Did you miss this retail news …
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- Kohl’s to move into 3 O.C. Mervyns
- Kohl’s, Forever 21 take over Mervyn’s sites
- Walmart increases recession-busting deals this weekend
- November retail sales were meager
- KB Toys going out of business
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Store Closures, Clothing- Clothing store closes at The District
- O.C. clothing boutique to close
- Women’s clothing retailer closes O.C. store
- Plus-size women’s clothing retailer to close more stores
- Discounter closes local store, opens O.C. exclusive concept
- Ann Taylor closes O.C. store
- Children’s retailer plans to close about 60% of U.S. stores
- Another clothing retailer to close O.C. store
- Another Fashion Island store closes
- Another department store to go out of business
- Store Closures, Home
- Crate & Barrel closes O.C. store
- Home furnishings retailer reduces store closures by 60%
- South Coast Plaza gives closing date for store
- Pier 1 closes another O.C. store
- Another big O.C. furniture store to close
- 2 more Fashion Island stores to close
- 3 big O.C. home stores close
- Pottery Barn closes O.C. store
- BBQ retailer to close 2 O.C. stores
- Retailer files for bankruptcy, to close 3 O.C. locations
- Store Closures, Other
- 3 O.C. Borders stores close
- Sam’s Club closes O.C. store
- Nike closes O.C. store
- Movie-rental chain to close up to 960 stores
- 100-plus O.C. store closures in past year
- Retailer wants to close about 85 stores, files for bankruptcy
- Big retailer closes 2 O.C. locations
- 2 Westminster Mall stores close
- Irvine Spectrum store closes
- 2 more stores close at The Block
- Store Openings
- 5 stores to open at Shops at Mission Viejo
- Big discounter gives opening date for O.C. store
- South Coast Plaza to get furniture store
- Downtown Disney gets new store
- Irvine Spectrum gets new store
- Bella Terra finds replacement for Circuit City
- O.C. exclusive boutique opens at South Coast Plaza
- 2 O.C. exclusive home stores open at Fashion Island
- Another home store opens in O.C.
- Legendary toy retailer to open at Toys ‘R’ Us
- Did You Know ...
- Retailer cancels big Fashion Island store
- Big O.C. mall to remove carousel
- Department store, tire maker respond to bankruptcy risk report
- South Coast Plaza retailer reportedly may file for bankruptcy
- Clothing retailer with 7 O.C. stores emerges from bankruptcy
- Recall: 5.4 million items sold at Target, Ikea, other stores
- Struggling women’s clothing retailer to be sold
- Toy company files for bankruptcy
- Retailer plans to discontinue Irvine business
- Walmart remodels another O.C. store
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And it ain’t over until the Fat Lady sings!
Which in the case might mean the Fat Lady will become the Husky Lady since she will lose weight with less $$ to buy her junk food
The “BO” will continue to drop in ‘09 as more vacancies in shopping centers appear and consumers continue to hold back on discretionary spending.
Goodbye, “Cupcakeries” and the rest of the lot…