Word: apparelled
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...long made his letter popular: how he is deploying Berkshire's $75 billion investment portfolio. He's less interested than he used to be in common stocks; he apparently finds their prices too high. Instead he's dabbling in junk bonds and acquiring private assets that range from apparel makers to gas pipelines. Buffett's book is no longer the model it once was: the investments he favors these days--specially constructed bonds and convertible preferred stock and private companies--aren't available to most investors. But they offer a clue as to how he views the investment landscape...
Fiction: The standard Midwestern uniform consists of cowboy hats and NASCAR apparel...
...apparel industry overall suffered a 4% drop, sales of pajamas jumped 34% from 2001 to '02, according to NPD Fashionworld, a market-information company. Copresident Marshal Cohen predicts that pajamas as streetwear will be a big trend this spring. "No one wants to spend money on clothing anymore," he says, "but consumers are willing to spend money on something that allows them not to have to change clothes three times...
...accused by the tabloids of sympathizing with the enemy. "No one says anything about [designers such as] Michael Kors except 'Great skirt,'" Adrover says. "We have great skirts too. For us they say, 'Maybe there's a Taliban connection.'" To make matters worse, the Leiber Group, the luxury-apparel conglomerate that had acquired Adrover in April 2000, withdrew its backing in early October...
Over the past decade, Phat Fashions has evolved from a $500,000 boutique to a $510 million lifestyle collection with apparel, jewelry, eyewear, loungewear, fragrance, footwear, suits and accessories. The high quality of all our products remains a nonnegotiable priority...