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Luxury brands responded by reining in spending, closing unprofitable stores, and offering secondary lines with lower price tags...
Read "Women in Luxury" An earlier version of this story incorrectly identified net-a-porter.com as an invitation-only discount retailer; it is a full-price fashion retailer that requires neither invitation nor membership...
...report, released Thursday by a coalition of retailers, supermarkets, drugstores and other businesses, found that Americans currently pay about $2 in "interchange" fees for every $100 they spend using credit cards. The fee is actually paid by retailers, though consumers feel it in a higher retail price. This rate is twice that charged in the U.K. and New Zealand, four times the rate levied in Australia and more than six times the cross-border rate charged in the European Union, the study says. (Read a brief history of credit cards...
...areas they study.” Budget constraints have also affected language study beyond the classroom. Last week, The Crimson reported that free access to the Rosetta Stone language-learning software had been eliminated. The Language Resource Center will offer students, faculty, and staff the software at a subsidized price of $110 per year, discounted from the normal $549 annual subscription price. Chase Russell ’12, a Romance Languages and Literatures concentrator, was considering using the software to practice for his Japanese course outside the classroom, but he said he is not willing to pay the new subscription...
...launching pad for rapid expansion. "If we make it in New York, we will be ready to green-light all of our brands," he says. "But first we need to pass the test there." Acurio has scouts checking out the city, looking for the right location for the right price. He hopes to firm up a deal shortly. (See pictures of what the world eats...