This week in Winners & Losers:
– Of the 1,000 US malls, the 400 catering to high-end consumers are doing just fine. As evidence, Simon Property Group and General Growth Properties shares are skyrocketing. If a mall has Nordstrom (Genius and No. 1 in L2’s Digital IQ Index: Department Stores) as a tenant, it is likely prospering.
– American Apparel – ranked 35th in L2’s Digital IQ Index: Specialty Retail – predicted to be the first fatality of retail in 2015.
– Apple won holiday season again (snooze) but Xiaomi emerged as another winner with $12 billion of revenue and 60 million phones sold in 2014, triple the number sold in 2013. Xiaomi’s explosive growth does not bode well for Samsung.
– How are we certain Google benefits our society? Searches for Chinese food peak on Christmas Day each year.