All of us are familiar with the concept of similar businesses clustered together in the same geographic area. Of course, the silicon valley comes to mind being the most visible and famous! But there are other lesser known clusters that exhibit the same phenomena: Digital Media City (DMC), a 135 acre complex, outside Seoul’s central business district in the Sangam-dong district in Korea, and SEEPZ (Santacruz Electronics Export Processing Zone) in Mumbai, India are some other examples. Automobile industry around Detroit, steel mills in Indiana, and apparel in North Carolina have all been examples of similar clustering phenomena before the changing business conditions moved them elsewhere.
Friday, October 5, 2012
If Winter comes, can Spring be far behind? Fall is here, can the holidays be far behind? And with the holidays comes the annual rite of predicting what might the retail sales bring. After all, holidays are big business: $586.1 billion to be precise, expected in 2012. This is the number predicted by NRF after their annual ritual forecast of holiday sales, “Tempered by political and fiscal uncertainties but supported by signs of improvement in consumer confidence, holiday sales this year will increase 4.1 percent to $586.1 billion. NRF’s 2012 holiday forecast is higher than the 10-year average holiday sales increase of 3.5 percent.”