Word: fiscal
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...massive growth potential, especially internationally. Visa Europe will remain a separate company for now, but "in the developing world, we are just scraping the surface," says Clifford Tan, an economist and visiting scholar at the Stanford Center For international Development. Visa's U.S. revenue grew a healthy 23% in fiscal year 2007, but its international revenue soared 57% over 2006. And as formerly cash-based economies in South Korea, China and India embrace the new electronic forms of payments - mobile phone-based transactions are garnering the most buzz - Visa's money-making opportunities are enormous...
...development. Now customers get cashmere sweaters and tailored suits for less than high-end labels. "It's perceived exclusivity," says Chen. "It's pretty accessible and for their customer it's a bargain." J. Crew might still sell some basics, but they do it better than anyone else. Their fiscal year ended February 2 with revenues increasing 16% and comparable store sales...
...good because they don't only sell to clients looking for affordable luxury but to very rich customers who are not necessarily impacted by the U.S. dollar," says Dave Sievers, retail practice leader at Archstone Consulting. He foresees luxury spending stabilizing or even increasing as 2008 progresses. For this fiscal year, Tiffany predicts at least a 10% growth in worldwide net sales...
...recent economic initiative to partner with universities and businesses to promote emerging industries such as the energy sector, nanotechnology and life sciences. City Councillor Kenneth E. Reeves ’72, chairman of the Committee on Economic Development, Training, and Employment, said the bill would have limited fiscal impacts on Cambridge’s economy but would provide an ideological boost for the council by syncing local efforts with a statewide initiative. Critics in the Senate have raised concerns that the life sciences bill ignores traditional Massachusetts industries like manufacturing, Galluccio said in an interview yesterday. Critics also argue that...
...largest corporations and exporters, since a higher yen value makes exports from the likes of Sony and Sharp to Toyota and Honda less competitive. On Thursday, Toyota Motor Corp. president Katsuaki Watanabe said that his company will need to maintain profit growth, since it forecast record profit for this fiscal year when the dollar was about 113 yen. For every yen the dollar drops, Toyota's operating profit falls...