To: skinowski who wrote (9637 ) 12/23/2008 12:00:35 AM From: Galirayo Respond to of 41419 >>Any trade ideas? Let's TA 'em and play 'em.<< Can't play some of them .. Joe Kernan made a joke recently about .. Needless Markup. :) Last time we went to Prime Outlets it was just Packed .. and it was blasting Cold. Friday, December 19, 2008 120-store Livermore outlet mall gets OK; Saks, Neiman Marcus sign onSan Francisco Business Times - by Albert C. Pacciorini Livermore has approved a development agreement for a $156 million, 120-store outlet mall on the east side of the city. Prime Retail, a Baltimore retail developer with 21 outlet malls nationwide, has already signed up Saks Inc. and Neiman Marcus for the facility, to be called Prime Outlets Livermore Valley. And while the recession will slow construction, the 42-acre site with 470,000 square feet of store space on the southeast corner of El Charro Road and Interstate 580 is expected to be a regional draw. It is expected to open in 2010, Prime representatives said, though executives couldn’t be reached to discuss financing and the start of construction. “People are looking for bargains,” said Dale Kaye, president and CEO of the Livermore Chamber of Commerce. “They want to buy brand names at a lower price.”bizjournals.com >>>>>>>>>>>>>>>>>>> In the last weekend before Christmas, Faith Hope Consolo, chairman of real estate firm Prudential Douglas Elliman's retail leasing sales division, noted that luxury stores stepped up price cuts even more: On New York's chic Madison Avenue, discounts at luxury boutiques ranged from 70 percent to 80 percent off; at Saks Fifth Avenue, discounts were up to 90 percent. "They are virtually giving the goods away," she said. Offering such deep discounts can cost high-end retailers beyond falling profits, risking the cache of their brands. That happened to Saks after the Sept. 11 attacks, when deep cuts on designer goods hurt the retailer's tony image. Retailers may also confront problems trying to raise prices once the economy improves as consumers accustomed to deep discounts balk at buying items at regular prices. "It is hard for us to tell what the true mindset of the customer is at this point," said Ginger Reed, a spokeswoman at Neiman Marcus, where profit dropped 85 percent in the quarter ended Nov. 1. "We do know she is still shopping — both regular-price items and sale items — but not in the quantity she has in the past."sfgate.com