Word: retail
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Percentage of the retail price that stolen jewels tend to fetch because of the risk of detection...
...read them at a distance. They're getting so cheap that manufacturers basically need a reason not to put them in things. Most people know RFID, if they're aware of it at all, as the technology behind cash-free highway tolls, but it goes way beyond that. Retail giants like Wal-Mart use RFID tags for inventory management, to help keep track of exactly what is precisely where in their vast tentacular supply chains--Wal-Mart announced earlier this month that it had RFID-enabled forklifts in 975 of its North American stores. RFID tags are embedded in tires...
...Some analysts see an element of political opportunism behind the recent protests. With India's coalition government crumbling thanks to a falling-out with its Leftist supporters over a contentious nuclear deal with the U.S., elections could be called any time now. An issue like organized retail helps rally millions, and opposition parties have been quick to latch on to it. More mass protests and populist moves to clamp down on big retail - like the Uttar Pradesh government's order to shut down Reliance Fresh - can be expected in the months to come...
...face of growing opposition, India's retail heavyweights are digging in. "We stand committed to what we have set out to achieve," Mukesh Ambani, chairperson and managing director of Reliance Industries, told shareholders at the annual general meeting last week, adding that resistance to big retail would abate once benefits begin to show. Another conglomerate, the $4.5 billion Mahindra Group, announced plans to enter the organized retail fray on the same day as the Mumbai protest. India's government, in a possible attempt to placate its leftist partners, has commissioned a study on the impact of organized retail on small...
...manager Alyson Booth explains, they’re not a typical vintage clothing store: ”It’s by consignment. We also have new things from boutiques, like when they have overstock.” The store marks down all items to one third the original retail price—and customers often get lucky with finds such as 75-dollar Manolo Blahniks or discounted Lilly Pulitzer dresses, sparkly Nicole Miller gowns, and plush Burberry coats. MK would approve...