Word: fitch
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...found success--at Target. And even brands like Ralph Lauren and Calvin Klein are playing catch-up with Banana Republic and J. Crew, introducing new, inexpensive lines. As one industry insider put it, "None of the [Gucci brouhaha] matters because we'll all be wearing Target and Abercrombie & Fitch in two years...
...Russian rebound? Not yet. Moscow's stock exchange soared 3% midweek, after the rating agency Moody's upgraded Russia's sovereign credit rating by two notches to Baa3. Although the bourse ended the week on a flatter note - and the other top rating agencies, S&P and Fitch, held off following Moody's example - it's clear Russia has come a long way from the 1998 crash, and is once again an attractive investment opportunity. Giddy investors would do well to keep things in perspective, though: Moody's is considering downgrading El Salvador from Baa3. And not all the economic...
...ty” Burger), the Wursthaus, the Crimson Sports Grille, Store24 and Siam Garden have all been replaced by newer storefronts for swarms of tourists. We now house four Starbucks, four upscale bars that are just too clean for any self-respecting college student to haunt, an Abercrombie and Fitch, a Gap, a gourmet desserterie and two high-end watch stores (in case you can’t find the Rolex you want at just one of them...
Though the chain's mer chandise looks cutting edge, Weaver is quite care ful to avoid fashion extremes. Unlike competitor Abercrombie & Fitch, which plays up the libidinous elements of its teen offerings, PacSun sells clothes that would pass muster at any high school with a dress code. Weaver says he avoids resorting to sexual advertising messages to move merchandise. "Many teenagers love it," he says, "but why would I alienate the parents? I can't forget my customer is 15 and doesn't have a credit card...
...bright, well-informed sales associate in front of you," says consultant Jim Dion of Dionco, based in Chicago. High-volume stores such as Kmart and Target hold prices down in part by keeping payroll expenses low, generally less than 5% of sales. Stores like the Gap or Abercrombie & Fitch may spend double that. But even at discount king Wal-Mart, "associates have always been taught that they should smile and make eye contact," Dion says. "So you can ask them a question, and they'll be polite when they tell you they don't know. Or they...