By Neil Wrigley
Examining Retail captures modern debates at the geography of retailing and intake areas. it truly is built round a sequence of 'readings' from key works, and is designed to motivate readers to increase a feeling of engagement with the swiftly evolving debates during this box. greater than 60 edited readings are built-in into the textual content, delivering a guided direction map in the course of the literature and into the research of the geographies of retailing and intake. the amount additionally introduces readers to the fascinating and interdisciplinary advancements unfolding within the 'new retail geography', drawing on up to date learn fabric from components starting from anthropology to enterprise experiences, and tackling concerns as diversified as retail internationalization and e-commerce.
Reading Retail is exclusive in bringing jointly an enormous diversity of views on retailing and intake areas and may offer a key resource textual content for college students during this box.
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Additional info for Reading Retail: A Geographical Perspective on Retailing and Consumption Spaces
Previously, in 1986, Campeau had gained control of Allied Stores in a high-yield ('junk') bond-financed deal worth over $4 billion and he used a similar financing structure to acquire Federated - in the process defeating a riyal bid from Macy's. To pay down some of the debt incurred in the acquisition of Allied and Federated, Campeau sold off more than 25 of the chains owned by the two holding companies (including Brooks Brothers, Filene's and Ralph's). 2, this proved insufficient to prevent Campeau collapsing into bankruptcy early in 1990 - the largest bankruptcy to that point in US history.
And accept that it had paid, in the late I 980s/early I 990s, a 'premium' for much of the 35 36 Reading retail land on which its superstores were built that was weil in excess of any conceivable 'altemative use' value that might be realized on exit from those sites ... Finally, Sainsbury was forced to follow Argyll and Tesco and begin depreciating its buildings, thus incurring an annual depreciation charge of [40 million. Unlike Tesco, however, Sainsbury took the view that the fall in the value of land (superstore sites) that it had purchased in the late I 980s/early 19905 should be reflected, not via an annual amortization, but via a major oneoffwrite-down of [365 million ...
6 billion per annurn by 1989/90. 4) lists the key acquisitions driving the rise of Gateway (Somerfield) during the same period. In contrast, the growth of Sainsbury - the leading UK food retailer at the end of the 1980s -like that of Wal-Mart in the USA, was entirely by organic growth within the UK. Throughout the 1980s, Sainsbury's pre-tax profits rose at never less than 20 per cent per annum (indeed they averaged over 26 per cent per annum) as a 'virtuous circle' of heavy capital investment in new store development, IT systems, distribution/logistics, and supply-chain management (see Chapters 3 and 4) produced faster stock/inventory turnover and higher sales per square foot in its stores than those of its rivals.