In fact, we predicted this a decade ago. Younger shoppers are deeply concerned about the environmental impacts of their purchases and, consequently, are buying less but spending more for higher-quality items - particularly clothing - that will last a long time. Will H&M, Old Navy, and other manufacturers/retailers of cheap clothing follow in Forever 21's path?
The Community Land Use and Economics Group is a small, specialized, consulting firm that helps community leaders create vibrant downtowns and neighborhood commercial centers. Our work focuses on developing forward-looking economic transformation strategies, with particular emphasis on cultivating locally owned businesses, removing regulatory and financial barriers, creating effective incentives to stimulate new investment, reusing older and historic commercial buildings, and outlining practical implementation plans. Our clients include local and state governments, nonprofit organizations, business improvement districts, developers, and planning firms in the US and abroad.