Word: apparel
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...decade ago, Karen Foley did what so many Americans dream about every Monday morning. She got out of the rat race. Foley quit an executive position in the apparel industry to run a food market in her St. Paul, Minn., neighborhood. Then unmarried and named Karen Glance, she was featured in a TIME cover story about how more and more Americans were embracing the simple life. People like Karen, TIME said in April 1991, were deciding that "what matters is having time for family and friends, rest and relaxation, good deeds and spirituality." Upscale is out, we said. Downscale...
...Today she and John have sold that business, and they run a profitable Internet company in San Francisco called Needwaitstaff.com which helps restaurant owners find trained help. As president, Foley, 46, confesses that she is working just as hard and traveling just as much as she did in her apparel-industry days. But, she realized, that's not necessarily a bad thing. "Living the simple life was never about doing less," Foley says. "It was about loving what I do and having control over...
...Where there's a yoga blitz, there must be yoga biz. To dress for a class, you need only some old, loose-fitting clothes - and since you perform barefoot, no fancy footwear. Yet Nike and J.Crew have developed exercise apparel, as has Turlington. For those who prefer stay-at-home yoga, the video-store racks groan with hot, moving tapes. The Living Yoga series of instructional videos taught by Yee and Patricia Walden occupies five of the top eight slots on Amazon's vhs best-seller list. "Vogue and Self are putting out the message of yoginis as buff...
Latin America's shoe and apparel makers could be big winners, as could the major U.S. apparel firms, who rely on imports to supply two-thirds of the U.S. clothing market and who see a chance to find new suppliers after the end of worldwide quotas...
...loser would likely be Asia. Larry Martin, president of the American Apparel and Footwear Association, says that since 1994, when NAFTA went into effect, "the Mexican and Caribbean share of our imports has risen from 24% to 38%, while China's share has dropped from 11% to 6%." Brazil's footwear industry is overwhelmed in the U.S. by China, where costs are 10% lower, but foresees a boom if it can eliminate the current 8.5% U.S. tariff...