Word: apparel
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Wall street blessed the marriage of tools and turtlenecks last week when Sears, Roebuck & Co. announced it will buy preppie-apparel maker Lands' End for $1.9 billion in cash. Both stocks moved up on the news--a rarity at a time when investors are justifiably wary of big mergers. Executives of the two companies emphasized that Sears, now strongest in products like auto batteries and wrench sets, will get a chance to revive its tired apparel department while Lands' End, which has thrived as a catalog and online merchant, will get to hang its wares in 870 Sears stores across...
...including a fabric that combats dermatitis. The textile is woven with tiny repositories that contain an anti-dermatitis agent; in response to body heat, the fabric releases the agent onto the skin. The Life Shirt System by California's VivoMetrics, a prizewinner at this year's Avantex high-tech apparel fair in Frankfurt, allows patients who normally need regular hospital checkups to go about their business while the shirt continuously monitors their condition. And the JoyDress by Italian designer Alexandra Fede uses a network of fine, flexible pads to give a soothing massage at the touch of a button. EXOSKELETONS...
...Asian stock investors are starting to demand more respect, though. In Japan, apparel company Tokyo Style is fending off a rare revolt by shareholders who want a bigger dividend from the company's $1 billion cash reserve. Looking to boost investor confidence in the market, Chinese regulators have launched a campaign against embezzlement by listed companies. In Malaysia, private investors have established the Minority Shareholders Watchdog Group, and a similar body has been formed in Taiwan...
...fact, there were two central demands of last spring’s sit-in—for Harvard to adopt a living wage and also to join the Worker’s Rights Consortium (WRC), an apparel manufacturing monitoring agency...
...women's market offers unlimited possibilities. Women account for only one-third of the $14 billion in annual athletic-footwear sales, but evidence suggests they would be willing to spend more. "Women tend not to be price sensitive. They will pay full price," says Carol Murray, senior analyst for apparel and footwear at Salomon Smith Barney. "And it's clear that color and fashion are as important to women as performance...