Word: retailing
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...accounts nationwide-this in a country where the per capita income last year was about $1,750. Yet the mania only seems to grow. On May 9, the total turnover on Chinese bourses exceeded that of all other Asian stock exchanges combined, a first. There are even reports of retail investors borrowing against newly purchased apartments or houses-shades of Japan in the late 1980s-to buy stocks. "I'm afraid this thing is in its final frenzy," says Andy Xie, an independent economist in Shanghai. "People are going to get hurt...
Since the awe-inspiring Tokyo Midtown development opened in the Roppongi district in March, well-heeled residents of the Japanese capital have been flocking to its dining outlets, offices and boutiques. Issey Miyake is among the retail tenants of this $3 billion cathedral of commerce-but the leading fashion designer is hoping that shoppers and office workers will also make tracks for an intriguing, sleek structure located in a grassy corner of its 25-acre site...
...popular but profitable too. The chain made around $200 million in pretax profits last year on revenues of approximately $1.14 billion. That's about half the total profits and a third of sales at the privately owned Arcadia Group. It wasn't always this way, says Nick Bubb, a retail analyst at Pali International in London--less than 10 years ago, profits were as little as a tenth of last year...
...have been scripted, but whenever it popped into his head, McCain was clearly eager to deliver it. The two men have been competitors for mere months, but in that short time, Romney's anchorman good looks and practiced ease have come to symbolize the exact type of carefully calibrated retail politics that provoked McCain's outsider assault on Bush in 2000. But his engagement with Romney on this level is more than just a mere gambit at a time that Romney has surged to the lead in Iowa polls - it's a genuine expression of the McCain campaign's irritation...
...upscale. Tired of its reputation for tackiness and losing out to budget chains in the '90s, Topshop's managers decided to stop competing just on price. "The decision was made to create a fashion authority," says Mary Homer, a joint managing director of Topshop who's been at the retailer for 20 years. (Green, a retail entrepreneur with years of experience in various types of businesses, acquired Arcadia in 2002, and helped execute the strategy already under way.) The company now employs 22 of its own designers, up from around a dozen in 2002, and they aim to create...