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...worth of toys, clothes, memorabilia and even auto parts for the likes of Abercrombie & Fitch, Advance Auto Parts, Coke and Kohl's. "They are our eyes and ears," says Laura Willensky, vice president of merchandising and design for Gymboree, a San Francisco--based women's- and children's-apparel chain...
What's the solution? Li & Fung is moving up the food chain, becoming a brand-managing powerhouse. This year it is on track to sell more than $200 million of licensed goods like Levi's Red Tab and Signature tops and Disney plush toys--a business many analysts expect to grow to $1 billion by 2007. In August it paid $124 million for the U.S.-based Briefly Stated, which produces pajamas, underwear and T shirts for such diverse brands as Professional Bull Riders Inc. and Catwoman. Eradicating the middleman role for some products could open up other opportunities...
...pair of Polish immigrants. NuTech creates software that uses artificial intelligence (AI) to boost efficiency in its clients' manufacturing, distribution and customer service. NuTech software allows Ford to find profitable new ways to sell vehicles that are coming off leases. It helps Unilever target inefficiencies in its supply chain. And it is being used to detect check and credit-card fraud at Bank of America--whose legendary former CEO, Hugh McColl, also serves on NuTech's board...
...customers in the store took his warning to heart, refusing to reveal their names to FM. But the couple was friendlier when it came to talking about (surprise!) the “revolution.” “[It’s] great to get off the capitalist chain of stores,” the woman said. Indeed. Welcome, comrades...
That same bifurcation, he says, is helping power Brooks Brothers as it lurches up the fashion food chain. Brooks brought in about $800 million in sales last year, compared with $661 million during its last full year under Marks & Spencer. As a private owner, Del Vecchio chooses not to disclose earnings. But he does say that during his years at the helm, he's been surprised by how much the Brooks heritage resonates with consumers. "It's much more than what I expected," says Del Vecchio. Now if he could just finish convincing everyone that the legacy is still relevant...