Word: consumerized
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It will be years before China has a consumer-driven economy like that of the U.S., but with retail spending rising by double-digit percentages every year, the immediate future looks good. For the most part, the companies poised to enjoy the splurge will not be multinational but Chinese. They...
Very gradually, however, he began to notice that his customers, mostly 25- to 45-year-old professionals, wanted their garments to have Chinese touches. "As the Chinese economy grows, and its market matures, we've realized that Chinese consumers have their own distinctive needs," Zhou says. That's why in...
2. Cloud Power Over the past few years, Google has been snapping up leading Web-based software start-ups that make it easy to edit documents, spreadsheets and presentations online. Now Schmidt and Co. have added the best available photo-editing tool. Strategically speaking, you might think of it as...
New statistics released Thursday, March 4, show that growth in the euro zone in the last quarter of 2009 was an anemic 0.1%. But it would have been far worse had euro-zone exports not surged 1.7%. Domestic consumer spending - which has been the main growth motor in Europe over...
Yet a number of international scientific agencies have found evidence that the tuna is truly endangered, most recently the U.N. Food and Agriculture Organization, which announced support for trade limitations in December. If the tuna is finally listed, it would represent a watershed moment in endangered-species protection. It's...