Word: fastings
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...guess it's time for you to hate me again," says Eminem hopefully on Relapse, his first new studio album since November 2004. Not so fast, buddy. Measured in the dog years that make up a rap star's career, an epoch has passed since most people have thought about Eminem, let alone been riled up by him, and the world hardly paused in his absence. Dozens of events, from the political (a black President makes the novelty of a white rapper seem kind of insignificant) to the personal (Eminem's struggle with a sleeping-pill addiction rendered him worthy...
...Chrysler will face a bloody competition with many of their own dealers this summer. Both will try to sell cars in the midst of an awful market. The closing dealers do not have much to lose by dumping their inventories and shutting their doors as fast as they can to save operating costs. The 2010 models may be lost in the shuffle of ridiculous deals to clear out 2009 editions. The dealers being closed may be going away, but in the process they will inflict real pain on the companies that shut them down...
...though branded luxury may be out, style is still in, and sales at inexpensive fast-fashion and casual-clothing stores have picked up. That's the kind of market that Forever 21 expects will help it reach $2.4 billion in global sales this year, up 40% over 2008's figure. The company thinks that its retail offering, where $100 buys an outfit, a bag, shoes and accessories, fits the Japanese mood right...
...point: Uniqlo, the local entry in the segment, seems to be doing just fine. Tadashi Yanai, a cheap-chic guru and head of Fast Retailing, which owns Uniqlo, is now Japan's richest man, according to Forbes magazine. While most retailers are seeing same-store sales drop between 5% and 15%, Uniqlo's same-store sales rose 2.9% for fiscal year 2008 and 12.9% in the six months to February this year. "Uniqlo is the only big winner so far," says Murata of Credit Suisse, who thinks that for non-Japanese fast-fashion companies such as Forever...
...Monday, analysts say. The jury is still out on whether retail investors, who have been sitting on cash for the past 18 months, will now make a beeline for the markets. "I'd prefer them to sit by the sidelines for a while as the rally has been so fast and furious," says Shankar Sharma, chairman of Mumbai-based First Global Securities. (Read about the five challenges facing India's election victors...