Word: departmentation
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If you want to hazard a guess at which luxury brand might be next to stumble, take a quick spin around the second or third floors of New York City's Bergdorf Goodman department store. There you will find racks upon racks - sometimes, entire collections - of designs by Marc Jacobs...
While more-cautious lending practices are certainly contributing to decreased borrowing, the bigger driver is that Americans are still feeling the effects of recession the unemployment rate hit 9.4% in May - and choosing to tap credit lines less. Commerce Department figures from earlier this week show that people are now...
But the more prevalent police response, the students say, should have been to treat the attacks more seriously. On May 31, students decided to try and jolt authorities to take action. Federation of Indian Students Association (FISA) organized a protest in the Melbourne central business district in which hundres of...
Americans are spending less; no surprise there. Figures out this week from the Commerce Department's Bureau of Economic Analysis show that in April overall consumer spending was down 0.1% from the month before. People are now saving 5.7% of their disposable income, the most since 1995 and a cosmic...
Disaster-management and human-rights minister Mahinda Samarasinghe revealed that the three doctors - T. Varatharajah, T. Sathyamurthi and V. Shanmugarajah - had been detained by the Criminal Investigation Department (CID) and are being investigated for suspicion of working with the Tigers. The three doctors remained in the shrinking combat zone during...