Word: retailing
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...struggle against digital counterfeiting. Decked out in his trademark bow tie and cowboy hat, the secretary-general of Malaysia's Trade and Consumer-Affairs Ministry recently led 100 security agents on a morning raid through a downtown shopping mall, seizing illegal music, video and computer-software CDs. At one retail booth, a television monitor was advertising bootlegged wares. "Take the TV," he ordered, pointing with his gold-tipped walking stick. "We will be back day after day until they shut down forever...
...disposal to beat back the leeches, but the agents have a lot of different jobs to do. (Among other things, they spend time monitoring the price of chickens and other domestic staples.) In general, Pahamin's strategy is to try to shut down the counterfeiters and their retail outlets, rather than go after consumers. But the outlaws are outwitting the sheriff. One night last September, Pahamin and 100 officers descended on a warehouse in Johor Bahru, some 200 miles southeast of Kuala Lumpur, a transit point that had been under surveillance for months. The building was empty, its occupants apparently...
...himself. Why? "It was a gut feeling more than anything else," he says. So Del Vecchio left day-to-day operations at Luxottica to strike out on his own. Within a few years, the hemorrhaging at Casual Corner had stopped?and Del Vecchio was looking to expand into additional retail concepts...
...question is whether the "Brooks look" can thrive in an age in which Ivy Leaguers wear sweats to class and celebrities make headlines for going pantyless. "Restrained elegance is not exactly fashionable these days," says Kurt Barnard, president of Barnard's Retail Forecasting Group. Consider that nearly half of Brooks' 190 U.S. stores are factory outlets. Professional attire in the U.S. has somewhat returned to the workplace since the dress-down '90s, but sales of suits, which make up more than 20% of Brooks' revenue, have been flat at best for the past few years...
...chapter it prefers to ignore: the demise of corporate sibling Casual Corner. After early success at reviving the chain, Del Vecchio lost control of the enterprise, which he wound up selling to a liquidator in 2005. "You have to look at his record," says Howard Davidowitz, chairman of retail consultancy and investment bank Davidowitz & Associates. "It's been, shall we say, mixed...