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MGKrebs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 11:37 AM
Original message
Stores blame 'Shrek' for poor sales
Edited on Tue May-25-04 11:52 AM by MGKrebs
"The International Council of Shopping Centers' weekly sales report shows sales decreased 0.5 percent in the week ended May 22, compared to the previous week..."

"As potential shoppers flocked to the theaters, chain-store sales were a little less robust," said a statement from Michael Niemira, chief economist and director of research for the ICSC. "


So let me get this straight. Because people are going to the mall to see a movie, they are spending less at the mall. Hmmm.

And why aren't movie revenues considered "retail" anyway? What could be more retail than a movie and some popcorn?

edit: I forgot the link: http://money.cnn.com/2004/05/25/news/economy/weeklysale...

Steal my button!
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gasperc Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 11:38 AM
Response to Original message
1. they are fucked in the head
they could have been more creative though, since most of us here in the midwest are dodging flash floods daily
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prodigal_green Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 11:41 AM
Response to Original message
2. Why not blame The Passion of the Christ then?
besides, I would think that Shrek-related crap would be boosting sales.

Shrek/Abu Gharib/Higher Gas Prices: we've hit the trifecta!
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displacedtexan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 11:45 AM
Response to Original message
3. What a great Kerry button!
Mind if I steal it?

BTW, movie theaters in malls pay rent, too! Right now, it's all about competition!
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JHB Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 11:49 AM
Response to Original message
4. Well, at a nearby googleplex...
...it was playing on so many screens there was a show just about every 15 minutes, so I wouldn't completely discount it. But it is a bit fishy to assign an immediate "cause" to "explain" the drop.
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StaggerLee Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 11:56 AM
Response to Original message
5. Could it be
That people are flocking to a movie that they can take the kids to see AND at the same time escape the ugly realities of this world for a while? (A failed war, massive unemployment, yaddah yaddah...)

OR

Gee maybe people aren't spending much on retail since it so expensive to gas up the family car.

Maybe??
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Pab Sungenis Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 12:27 PM
Response to Reply #5
6. "Shrek I" ticket sales went back up...
...after 9/11. So I would be willing to chalk some of it up to simple escapism on the public's part.

Actually, we had our best weekend in over two months at my movie theater (where we show stuff in second run) two weekends ago, and this past weekend (when "Shrek 2" came out) we only dipped about 20%, so it's not affecting everyone as much as it could.
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Touchdown Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 12:39 PM
Response to Original message
7. With Troy's 16 hour running time...
Everybody is too worn out to shop. Yes, it felt like 16 hours. YAWNFEST!
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mark0rama Donating Member (930 posts) Send PM | Profile | Ignore Tue May-25-04 03:22 PM
Response to Original message
8. Waah! Shrek stole my lunch money!
Oh, fer cryin' out loud!

On the other hand, when we went to Shrek 2, the 5:15 screening was sold out, so we bought tix for 7:00 and went out to dinner beforehand, so Shrek is good for restaurant business.
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 03:55 PM
Response to Original message
9. or... Maybe those credit cards are finally maxxed out..
There's a limit to how much junk the average house can hold.. Maybe people are finally reaching it :)
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tom_paine Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 03:57 PM
Response to Original message
10. That is some crazy Soviet/Bushevik rationale
Edited on Tue May-25-04 04:11 PM by tom_paine
An insult to the intelligence of Free People.

Unfortunately, with every generation there are fewer and fewer free people in America and more and more Imperial Subjects.
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Shakespeare Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 04:01 PM
Response to Original message
11. People with a f*cking clue blame INFLATION for poor sales.
Shhhhhhh...can't let the public know about that, though.
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