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Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books
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Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books

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Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books, October 25, 2013, Dallas, TX

Economic Forecast 2014 - Kathy Doyle Thomas, CSO, Half Price Books, October 25, 2013, Dallas, TX

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  • 1. 2014  Economic  Forecast   Kathy  Doyle  Thomas     Chief  Strategy  Officer     Half  Price  Books  
  • 2. State of Retail in North Texas Kathy Doyle Thomas Chief Strategy Officer Half Price Books
  • 3. Texas-based Retailers
  • 4. New to North Texas
  • 5. Real Estate in Metroplex •  The market is alive and booming •  Multi-family properties are popping up everywhere •  DFW office space is at a premium – vacancy rate dropped a full percentage point quarter-to-quarter •  Many retailers are taking over existing centers instead of building new ones
  • 6. Issues for Retailers this Holiday Season •  NRF says government shutdown makes customers cautious about holiday spending •  Shoppers plan to spend 2% less •  29% say government situation affects spending plans •  51% say the economy would have impact on holiday spending •  79.5% plan to spend less overall •  Thanksgiving is late, so shopping season shorter
  • 7. Buying Habits •  Amazon is every retailer s competition •  Showrooming is a major problem for retailers •  43% of people have admitted to showrooming
  • 8. Buying Habits •  Customers more savvy than ever •  Mobile devices allow for immediate product research •  If they don t like something, they love to share
  • 9. Mobile Devices/Tablets •  55% of time spent with online retail in June 2013 occurred on a mobile device •  44% on smart phones and 11% on tablets *according to a survey by comScore
  • 10. HPB Customer Strategy •  HPB offering new product mix like new bestsellers at all stores •  We cannot let a customer leave without buying a book
  • 11. HPB Customer Strategy •  Half Price Books is revamping website to help compete in online sales •  Customer service is more important than ever to compete with Amazon

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