Word: analysts
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...name to the U.S. department store J.C. Penney and launched a less expensive collection. Next month Oscar de la Renta will introduce a new moderate line, O Oscar, that will retail for less than $100. "We're certainly going to see more of this," says Marshal Cohen, chief analyst for NPD Group, a New York-based trend-tracking firm. "I wouldn't be surprised if we saw [other stores] doing something like this. Lots of stores want to get into this midmarket...
...DARIO BETTI, Ovum analyst...
...approximate relationship to the melodies on which they're based. But like the craze for plastic mobile-phone covers, ring tones are more about making a personal fashion statement. "You're not buying a ring tone to enjoy Christina Aguilera," says Ovum analyst Dario Betti. "You're buying it to tell everyone else who you are." And for that assertion of identity, high-use mobile-phone customers (read: teenagers) are willing to pay dearly. British consumers pay the most - between $2.70 and $6.40 for a ring tone, while it costs just $1.45 to get the whole song online. Though charges...
...would slash its workforce by 15%, and InterActiveCorp, the U.S. owner of Expedia, announced a 25% drop in second-quarter net profits. Where are travelers booking? Directly with airlines - plus hotel chains like Hilton are increasingly promoting their own sites, says Simon Champion, leisure analyst at Deutsche Bank, leaving online agents with fewer rooms to hawk. Europe's holiday firms must be wondering when they'll get their break. Hallyday In The Sun It's his biggest hit ever: Johnny Hallyday, France's most popular rock star, last week secured ownership of his personal catalog of some 3,500 songs...
...been unable to persuade clients to pay more for research and advice. The firm's spotty record hasn't helped. Since May 2002, Schwab's lowest-rated stocks have outperformed its top-rated stocks. "They're trying to be too many things to too many people," says Lauren Smith, analyst at investment firm Keefe, Bruyette & Woods...