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Panel Detail:

Wednesday, April 30, 2008
2:10 PM - 3:25 PM

Stimulating Sales: Retailers Adapt to a Changing Economy

View Slide Presentation

Designer Max Azria, center, enjoys a light moment with Brian Cornell, CEO of Michaels Stores, and moderator Rhonda Schaffler of Bloomberg TV during the retail industry session.

During the past decade, consumer spending has driven the U.S. economy and contributed to growth in the larger world economy. For policy-makers, retail sales are a bellwether, and consumer spending has become a key tool for staving off recession. But in a world of increasing Internet sales, new pressure on margins due to low-cost imports, and sinking consumer confidence, retailers are facing a host of challenges. Do the answers lie within the U.S. economy or in places with stronger currencies, such as Europe? Will retailers turn to new markets with growing consumer appetites, such as China and India? In this panel, a group of experienced retail executives discussed the challenges they face in the current market, and how they are able to keep their companies thriving, even as the economy slows.

Speakers:

Max Azria, Chairman, CEO and Designer, BCBGMaxAzria Group Inc.

Brian Cornell, CEO, Michaels Stores Inc.

Jacques LÚvy, CEO, Sephora Worldwide

David Simon, Chairman and CEO, Simon Property Group Inc.

Moderator:

Rhonda Schaffler , Anchor, Bloomberg Television

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