Word: flagship
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Although you'd think that eBay's flagship marketplace business, a site where people go to buy and sell stuff, would flourish in a downturn, it has stopped growing. It's still unclear how badly the credit crisis and buying slowdown will affect an e-commerce value site like eBay, which does half its business outside the U.S. During the 2001 recession, eBay's marketplace continued to thrive because of its Web dominance and discounted goods. Whitman at the time even crowed that "eBay is to some extent recession-proof...
...ANGELES Hermès' Jardin des Orchidées presentation plate ($375) flies out of the North Rodeo Drive flagship...
...slower. They're not buying the big stuff," said a sales person at Macys flagship store in Herald Square, who asked not to be named. A $400 diamond bracelet had been marked down to $99, but there were more sales people standing near it than customers. Instead, shortly after 7 a.m., a crowd was hovering around a display of costume jewelry priced at $9.99 each...
...HFRX global index. By contrast, the Dow has dropped 40% this year; MSCI's index of developed and emerging stock markets has plunged nearly 50%. But some large, established funds have taken big hits. In mid-October, the $17 billion Chicago-based firm Citadel Investment told investors that its flagship fund had dropped nearly 30% this year. According to Singapore-based Eurekahedge, which tracks the industry, hedge funds lost an average of 4.7% in September, the worst monthly performance since the company began collecting data...
...Those will come tomorrow, when H&M security is put to the test by the thousands of customers expected to arrive before the store opens at 11AM. When the world's third-largest apparel retailer debuted its Japan flagship two months ago in Ginza, Tokyo's own Fifth Avenue, some 3000 shoppers lined up for first dibs on the brand's affordable fashion, amidst falling luxury sales on the same street. As Japan's recessionary economy and the appreciation of the yen left other businesses in Japan to watch purse strings tighten and household consumption drop, people continued to wait...