Word: retail
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...management to big customers. TAL Apparel, which makes 1 out of every 7 dress shirts sold in the U.S. at its factories in Asia and North America, nimbly adjusts production for major customers like JCPenney based on weekly sales results. In a practice linked to the "fast fashion" trend, retailers can send orders to TAL each week. TAL then ships out the product in four days or less--emergency orders can be rushed through in a mere four hours. TAL sorts the goods into boxes for shipment to each individual retail store, rather than to a warehouse...
...YANKEES What economists are struggling to predict is how pervasive the impact of this housing slowdown will be on the rest of the U.S. economy, and abroad. Perhaps most surprising, American consumers are continuing to spend, regardless: automobile purchases are sluggish, but retail sales rose by a higher-than-forecast 0.9% in December. "I'm not prepared to bet against the American consumer. That's a highly dangerous proposition," says Jesper Koll, chief Japan economist for Merrill Lynch...
...will be. Many other real estate markets around the globe rose in tandem with the U.S. in recent years, but so far none have come back down to earth with the same force. Perhaps most surprisingly, American consumers are continuing to spend, regardless: automobile purchases are sluggish, but monthly retail sales rose by a higher-than-forecast 0.9% from November to December. "I'm not prepared to bet against the American consumer. That's a highly dangerous proposition," says Jesper Koll, chief Japan economist for Merrill Lynch...
This time of year is when you need to be most alert. Heavy retail activity through January brings out the crooks. Keep a sharp eye on your January bills, which may offer your first clues to a usurped identity. Check carefully for unauthorized charges...
...this a newly minted version of the classic Macy's vs. Gimbel's rivalry? "It's absolutely a battle," says Steven Keith Platt of the Platt Retail Institute, an industry think tank in Hindale, Ill. "They're both going after the same market--the female. She controls the purse strings." Both chains dismiss the notion of a retail slugfest. But it is clear that each chain is borrowing a page from the other's business model. For example, 22 of the 25 stores that Penney opened in the third quarter were situated in very Kohl's-like locales, a different...