Word: consumerized
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"This is a market where [the customer] doesn't want what her girlfriend has; she wants something different," says Fendi CEO Michael Burke, who became intrigued by the Istanbullu consumer when he clocked Fendi's wholesale demand rising over $1.28 million. "The definition of luxury here is individuality, as opposed...
thisnext.com is like a community-created Consumer Reports. Visitors can find anything from food to fashion recommended by anyone from chefs who list their favorite knives and spices to fashionistas who discuss their love of South Korean label Râveur. And in turn, users can make their own recommendations.
A handful of foreign investors have been willing to take their chances. Foreign direct investment increased by 35% in 2005 to $253 million, according to the ADB, putting Afghanistan on par with a country like Sri Lanka. Besides Coca-Cola, multinational firms such as DHL, Standard Chartered Bank, the Hyatt...
As Romania prepares to join the European Union (EU) in January 2007, a Romanian official warned that the accession would virtually erode all national identity in a panel discussion held last Friday in Boylston Hall. Dan Dimancescu, Romania’s honorary Boston consul, said that his country was particularly...
The problem for retailers--and parents--is that the U.S. does not require manufacturers to disclose ingredients in most consumer products. How can you tell which contain the contaminants when chemical companies guard the information as proprietary? "Stores have products stacked to the ceiling for the holidays," says Daniel Grossman...