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...government-funded Institute for Tourism Studies is grooming the next generation of workers to man the front desks, kitchens and boardrooms of this former Portuguese colony's booming leisure sector. But learning isn't restricted to the classroom: students also help run the Pousada de Mong-Há, www.ift.edu.mo, a 20-room hotel housed in old Portuguese army barracks. If you've had your fill of casino hotels, the Pousada-situated on a hill near the scenic ruins of a 19th century fort-is one of Macau's better-kept secrets. It's also affordable (spacious modern rooms go from...
Nathaniel H. Karol, HIGHLAND PARK...
...longer time frame, says Karyn Fenn, Topshop's other joint managing director. That's a premium the chain's customers have come to expect and are willing to pay for. A halter top, for example, might cost three times as much at Topshop as a comparable piece from H...
...into the relatively untapped U.S. market--while fast fashion accounts for around 12% of the British clothing market, it is just 1% of the total in the U.S., according to Bain, a consulting firm. Spying massive opportunities, Spain's Zara has two dozen stores in the U.S.; Swedish chain H&M boasts more than 100. Not Topshop. Though it has sold individual collections in America--along with the Kate Moss range at Barneys, Topshop's Unique line sells in the Opening Ceremony boutique in New York City--it has not followed with any stand-alone stores before now. Until those...
However, with competitors like H&M and Zara already flourishing in the U.S., is there room for Topshop? "H&M and Zara are hitting the ball out of the park," says Howard Davidowitz, chairman of Davidowitz & Associates, a New York--based retail consultancy. But thanks to its broader customer appeal, Davidowitz says, the potential for Topshop "is better than either of these." Not that there isn't plenty of opportunity to occupy Topshop at home. The company is looking at ways of expanding its brand into new areas in Britain too, from confectionery to luggage to footwear. With Topshop stores...