Word: april
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...high-end e-tailers, including gilt groupe and ideeli, have opened shop as members-only discount sites that offer VIP-style sample sales at outlet prices. But the fashion site making the most waves these days is a new online outlet cleverly named theOutnet.com. Opened to the public on April 16, theOutnet - the latest hot spot created by net-a-porter.com founder Natalie Massenet - had 150,000 visitors register prior to the official launch. "With our fashion-forward approach, edited selection and chic format, we will continue to provide savvy shoppers with something new at a great price," says Stephanie Phair, director...
...Caliente. Hot. In any tongue, stock in Rosetta Stone, the popular language-learning software company that just went public - yes, IPOs still exist - is blazing. On the evening of April 15, the company was able to price its IPO at $18 per share, above the estimated range of $15-17. It was the first IPO to price above its range in nearly a year. The next day, shares shot up 40%, the best one-day IPO rise in the last year (on April 23, the stock closed at $25.60 per share, 42% above the IPO price...
...nice, but it doesn't pay the rent. Another challenge for Rosetta Stone: the barrier to entering the language learning market is small. "While we think its unique self-study program is scalable, niche software developers like this rarely enjoy success over the long-term," Lemos wrote in an April research note. "There are many larger software companies with much greater financial, research and development, and marketing resources, and Rosetta Stone's recent success could draw these firms into the market." It probably wouldn't cost a Microsoft or Google all that much to teach a foreign language. If these...
...Sunday, April 26th...
...Complicating negotiations to let them go, of course, is the North's rocket launch on April 5 and the international censure it received. Infuriated by the United Nations' condemnation of the launch, which flew over Japan and fell into the Pacific Ocean, Pyongyang kicked out international monitors from its nuclear facilities on April 14, and has said since then that it would restart its nuclear program and quit the on-again off-again so-called six-party disarmament talks...