Survey: Gas prices impacting spending
New York City — Shoppers plan to wait until next year and beyond to spend generously again, a survey on Monday showed, in an early sign that rising gasoline prices could make the spring selling season tough for retailers, Reuters reported.
About three-quarters of Americans surveyed by America’s Research Group said they were shopping less due to rising gas prices, with more than 62% of the participants planning to spend generously only next year or beyond.
This spring, more Americans plan to stretch their dollars by shopping at discount chains rather than the pricier department stores and specialty chains, the survey showed, with 753 out of 1,000 survey participants picking discounters as potential shopping destinations for spring.
Marimekko to open U.S. flagship
New York City — Finnish retailer Marimekko will open a flagship in Manhattan this fall. The company is also expanding its collaboration with Crate & Barrel.
The 4,000-sq.-ft. store will feature Marimekko’s wide-ranging product mix, which includes furnishings fabrics, home goods, apparel and accessories. It will be designed by the Japanese architectural firm IMA.
Denny Gerdeman wins Markopoulos Award
Columbus, Ohio — Denny Gerdeman, principal and co-founder of Chute Gerdeman, a full-service retail branding and design firm, has been named the 2011 Markopoulos Award winner.
The prestigious honor, named after the late visual merchandising legend Andrew Markopoulos, is presented annually by DDI Magazine to one outstanding industry professional. In winning the award, Gerdeman is recognized for his distinguished career as well as his efforts to give back to the profession.
Under his leadership, Chute Gerdeman has been recognized for more than 150 design awards, including numerous first place and grand prize awards.