Trends to the unusual
Christine Carrillo
As the national economy continues to struggle as a result of the
ailing public view of corporate America and the lingering effects of
Sept. 11, 2001, the retail industry in Newport-Mesa has managed to
weather the storm fairly well.
While the major retail centers in the area did feel an immediate
impact in the beginning of the year, much like centers in the rest of
the country, consumer spending trends appear to be heading in a
profitable direction as retail sales for this fall are increasing and
forecasts for the upcoming holiday season remain positive.
“We will flat out have our best year ever, especially at The Lab,â€
said Shaheen Sadeghi, the president and chief executive for The Lab
and The Camp in Costa Mesa. “We’re doing much better with the
specialty, hip product.â€
Providing consumers with retail options not readily available,
retail centers in Newport-Mesa have managed to develop a consumer
base that returns to buy more.
“We’ve got a retail healthy economy here,†said Tanya Thomas, vice
president and general manager for Fashion Island in Newport Beach.
“We’ve got the kind of retailers and the merchandise that the
community wants.â€
With current consumer spending establishing trends toward stores
that offer more unusual retail products, many of the mainstream
retail stores have continued to feel an impact reflective of the
current economy.
Consumers have taken on a much smarter attitude when shopping
during economically strained times, officials said. Instead of
splurging on mass quantities of highly replicated products, many
people have begun to gear their spending toward more particular
retail purchases.
“When the economy is where it is now things tend to be a little
more bohemian,†Sadeghi said. “People are just looking for soulful
clothes that have a culture behind it and we’ve always been about
that. We’ve never been about the masses.â€
By tailoring its market to such consumer trends, Fashion Island in
Newport Beach has also managed to maintain its role as a major retail
provider in Orange County despite current economic struggles, Thomas
said.
“We have a very strong demographic ... they’re very interested in
the best of the best,†Thomas said. “There are things that are so
unique to Fashion Island ... that’s what sets [it] apart.â€
Both Fashion Island and The Lab also provide shoppers with a
variety of activities that go beyond retail shopping. Such activities
lure consumers to their particular locations and inevitably lead many
of them to make retail purchases that aid the centers in ongoing and
increasing economic success.
Similarly, South Coast Plaza in Costa Mesa has relied on its
reputation as a tourist stop and has gained much of its continued
success from the traveling and driving markets.
“The new luxury stores are a perfect fit for our market,†said
Debra Gunn Downing, executive director of marketing at South Coast
Plaza. “I really feel that are strong sales are due to the very
desirable merchandise that you can’t get anywhere else in Orange
County.â€
Despite national economic struggles, at this point, Orange County
consumers have not stopped shopping. After a temporary hiatus, they
returned to the Newport-Mesa retail industry full-force yet slightly
askew from the norm. While many of the consumers turned their backs
on the products made for them in mass and instead focused on those
products difficult to find, they haven’t been deterred from looking
or spending.
“The entire retail industry has felt the bumps in the economy,â€
Gunn Downing said. “But [Orange County] has faired very well.â€
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