You've heard that a butterfly beating its wings in the jungle can change life halfway around the globe. Each time you shop or act as a consumer, you are that butterfly. This program helps students see some of the 'butterfly effects' of their consumer choices - and in the process, helps build a deeper understanding of market economies. When you buy a T-shirt, a car, or a cup of coffee, you send messages to a complex web of people all over the world. The marketplace of buying and selling is far more than a convenient way to get the stuff we crave - it shapes personal freedom and drives material progress. Viewers meet Jasmine, owner of a small green frog. She would rather have a laptop computer, but can't afford one right now. Watch as she turns a frog into a laptop computer. Then we meet Randall, one of 20 million people worldwide shopping for a shirt on any given day. Amazingly, he and the 19,999,999 others can find a shirt they want to buy. Who's behind the remarkable system that supplies shirts, as well as food, shelter, and most other desire of daily life? What drives countless strangers to serve your needs and wants? Learn what a shirt teaches about life in a consumer society.
Some retailing trends of the new millennium include entertainment-oriented shopping centers, themed environments, supermarket expansion into atypical product mixes, designer and manufacturer retail flagships, and the continuous explosion of off-site retailing with E-tailing as its centerpiece. Others include the growth of temporary retail outlets, the escalation of store is the brand retailing, the emergence of value shopping, and a recent innovation that markets fashion directly to the consumer through door to door selling.
Howard Davidowitz, chairman at Davidowitz & Associates, discusses how the financial troubles of Wal-Mart's target customers are hurting the retailer, how its foray into the lending business may help it to grow and the health of the retail consumer in America. He speaks on Bloomberg Television's 'Bloomberg Surveillance.'
Oliver Chen, senior analyst at Citigroup and Kristin Bentz, executive director at PMG Venture Group, discuss how the middle class fits in to retail sales as high-end retailers see gains. They speak on Bloomberg television's 'Bloomberg Surveillance.'
Carson Block, founder at Muddy Waters Research and Craig Johnson, president at Customer Growth Partners, discuss J.C. Penney's position in the retail market as former CEO Myron Ullman rejoins the company. They speak on Bloomberg Television's Market Makers.
Seth Berenzweig, founding & managing partner at Berenzweig Leonard, examines the court battle between Macy's and J.C. Penney as Martha Stewart is set to take the stand to define her roles with the companies. He speaks on Bloomberg Television's 'In The Loop.'
On today's 'Triple Threat, ' Bloomberg's Sheila Dharmarajan, BTIG's William Frohnhoefer and KeeneOnTheMarket.com's James Ramelli discuss their play for J.C. Penney on Bloomberg Television's 'Street Smart.'
Laura Kennedy, senior analyst at Kantor Retail, discusses first-quarter results at Best Buy as the retailer posted an $81 million net loss on lower prices to compete against online rivals. She speaks on Bloomberg Television's 'In The Loop.'
Kristin Bentz, executive director at PMG Venture Group, examines the uphill battle J.C. Penney CEO Myron Ullman has in implementing the housewares emporium dreamed up by former CEO Ron Johnson, as well as the overall state of the retailer. She speaks on Bloomberg Television's Bloomberg Surveillance.