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	<title>goWholesale &#187; WWD</title>
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		<title>Hot Topic: Retail Industries and Their Tried-and-True Products</title>
		<link>http://www.gowholesale.com/content/2009/09/09/hot-topic-retail-industries-and-their-tried-and-true-products/</link>
		<comments>http://www.gowholesale.com/content/2009/09/09/hot-topic-retail-industries-and-their-tried-and-true-products/#comments</comments>
		<pubDate>Wed, 09 Sep 2009 14:16:21 +0000</pubDate>
		<dc:creator>Christina Lee</dc:creator>
				<category><![CDATA[News & Articles]]></category>
		<category><![CDATA[apparel]]></category>
		<category><![CDATA[fashion]]></category>
		<category><![CDATA[product life cycles]]></category>
		<category><![CDATA[toys]]></category>
		<category><![CDATA[video games]]></category>
		<category><![CDATA[WWD]]></category>

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		<description><![CDATA[With today&#8217;s economic instability, retail industries have managed to stay afloat by recovering best-selling products of their past and catering them to present customers. Such a strategy is all part of a retail mantra becoming more prevalent in modern marketplaces:&#8230;]]></description>
			<content:encoded><![CDATA[<p>With today&#8217;s economic instability, retail industries have managed to stay afloat by recovering best-selling products of their past and catering them to present customers. Such a strategy is all part of a retail mantra becoming more prevalent in modern marketplaces: stick with what works, the tried and true. Take note from a few industries who are adapting this for themselves:</p>
<p><strong>Video Games<br />
</strong><br />
Though experts deemed the video game industry recession-proof in 2008, it finally began to show some weakness in 2009, as profits fell 14 percent in July from the same month last year. In efforts to counter this fall, publishers are shifting their priorities to promoting upcoming video game sequels. Call of Duty, Need for Speed and Assassin&#8217;s Creed are all games whose second or third chapter comes out this fall, though perhaps the most anticipated of them all, for gamers and analysts alike, is The Beatles: Rock Band. (Find out why at <a href="http://www.newsday.com/business/can-viacom-s-beatles-game-draw-a-younger-crowd-1.1419425" target="_blank">Newsday</a>.)</p>
<p><strong>Apparel<br />
</strong><br />
As their industry quickly became susceptible to economic decline, apparel retailers have begged designers since last year to create lines catering to today&#8217;s thrifty consumer. Designers have finally answered those prayers in their upcoming spring collections,  offering high-quality casual contemporary separates with a timeless feel.</p>
<p>“It&#8217;s creating a product that is buy-now, wear now,” said designer Peter Som to WWD. “At the end of the day, it&#8217;s a partnership with a retailer, and understanding what the customer is looking for, then taking that information and giving them that and something they didn&#8217;t know they were looking for. It&#8217;s the ultimate dance of commerce and creativity.” (Find out more at <a href="http://www.wwd.com/retail-news/relevance-seen-key-trend-for-spring-runways-2253766" target="_blank">WWD</a>.)</p>
<p><strong>Movies<br />
</strong><br />
Re-releasing Disney&#8217;s cinematic classics is a selling strategy that Walt Disney created himself. But the upcoming theatrical showings of Toy Story and Toy Story 2 are taking this marketing strategy to a  level beyond even 3-D, as they lay the groundwork for next year&#8217;s Toy Story 3.</p>
<p>A new line of consumer products, featuring Halloween costumes, DVD rereleases and toys, are set to follow the  theatrical releases.  As a result, the company hopes that Toy Story 3 will become one of Disney&#8217;s most profitable movies in years, with a level of success echoing that of its predecessors. (Find more information at the <a href="http://online.wsj.com/article/SB125201712352284765.html" target="_blank">Wall Street Journal</a>.)</p>
<p><em>Retailers, which of your tried-and-true products have carried you through the current economy? What do your customers like about them?</em></p>
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