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...H&M has struggled to compete with Zara's short turnaround time, but that advantage largely disappears in Asia. H&M sources more than 60% of its products in the region, more than half of that from China, compared with Inditex's 34%. "H&M has been in Asia as a manufacturer for 30 years," says retail analyst Henrik Schultz of Danske Equities in Copenhagen. "It has a broader choice of suppliers, and strong relationships already in place. For perhaps the first time, it can set the timetable for trends...
Hong Kong and China are only H&M's first stops in Asia. Three more stores are planned for Hong Kong this year, and two in Shanghai. As a sign of how China has come to dominate the Asian retail market, Japan has taken a backseat. H&M will open its first store there by 2008. Other possibilities, like Singapore, are in the works. "We're taking things slow to start out, but we're clearly not going into Asia for 10 stores," Persson explains. "The potential for the market is just too huge...
...time, then-President Lawrence H. Summers, Provost Steven E. Hyman, and the all of the deans supported the report’s recommendations, but agreed to postpone a final decision until the completion of several curricular reviews across the University, including the current review in the Faculty of Arts and Sciences...
...remain firmly in favor of calendar change,” Dean of the College Benedict H. Gross ‘71 wrote in an e-mailed statement to The Crimson earlier this week. “There are pros and cons to any reform, but I think the UC proposal and the Verba report make a good case...
...Design, and the Graduate School of Education—all of which currently hold exams after winter break—to make the most drastic changes to their calendars. —Brenda C. Maldonado contributed to the reporting of this story. —Staff writer Laurence H. M. Holland can be reached at lholland@fas.harvard.edu. —Staff writer Madeline W. Lissner can be reached at mlissner@fas.harvard.edu...