Word: retailer
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Late last week, however, Bed Bath & Beyond announced results that actually exceeded the expectations of Wall Street analysts, an all-too-rare event in the retail world. The retailer's profits rose 13.5% for the first quarter. While same-store sales still declined 1.6% - no reason to be jumping for joy in the aisles - many analysts figured the fall would be much worse, in the 4% range. What does Bed Bath & Beyond's improvement say about the state of the consumer psyche? If shoppers are more willing to spend their money on discretionary items like cushioned bath mats...
...rural demand, which has been buoyant so far," says Anjan Roy, Adviser for Economic Affairs at the New Delhi-based Federation of Indian Chambers of Commerce and Industry. "This, in turn, will affect industrial production." Inflation in India is deeply influenced by food and food-related items' prices. Wholesale, retail as well as futures prices of food items are rising every day. "If there's runaway inflation, it will altogether throw economic policy haywire," Roy says. "If the Reserve Bank of India resorts to tightening the monetary policy, the industrial sector, which is already under duress, will be badly...
...Similar endeavors to groom local talent have met with some success in the retail fashion sector - one of Dubai's chief tourist attractions. Brand-conscious punters have traditionally been the main market, but in these less extravagant times, there is greater appreciation for the local designers behind the merchandise at S*uce Boutique (pronounced Sauce). The growing number of loyal consumers has emboldened the owners to launch the S*uce Incubator, a project that recruits, manages and nurtures regional designers...
...them wrong: publishers are thrilled that Amazon is putting all these resources into the Kindle. Any new retail channel for books is a godsend. They're just concerned that the precedent being set is unworkable. "Amazon picked a cost in the beginning that they believed the consumer would like, and of course, the consumer likes it," says Carolyn Reidy, president and CEO of Simon & Schuster. "Who wouldn't like a price that was significantly lower than the price the hardcover is? And we think it's too low." (Grandinetti sticks to his guns: "We believe our approach to digital books...
...camo craze swept the country in the 1980s, with teenagers and hunters alike sporting all sorts of apparel in signature splotches of green, tan and brown. Retail experts credited America's military campaigns in Lebanon and Grenada for the trend. As a manufacturer told TIME in 1984, "I think many people wear military clothes because they feel proud of the U.S." To this day, consumers can find the familiar Woodland motif in oddly conspicuous colors - neon orange, bright red, hot pink - on everything from lingerie to toilet paper. Designers like Christian Dior and Nicole Miller have even created camo couture...