Word: retailing
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...need to capture it is obvious. McKinsey estimates that by 2025 there will be 220 million upper-middle-class households in China's cities, defined as those making $5,000 to $12,500 a year, in contrast to 23 million households in 2005. Less clear for the company, says retail analyst Raphael Moreau of Euromonitor International, is "how much it will have to reinvent itself to make an impact...
...seem such a stretch, even for relatively small clubs. Despite losing money last season, Sheffield United bought China's Chengdu Five Bull football team (and duly renamed the side the Blades, to match the English club's moniker). Since then, United has opened a city-center bar and retail outlet at the stadium. Analysts are impressed. "If a club hasn't got a high profile or heaps of cash, building relationships in the local market is a cost-effective way to build brand awareness and suit longer-term Asian sensibilities," says Geoffrey Gold, ceo of Football Dynamics Asia, the Jakarta...
...first West Coast flagship, Diesel has "gone Hollywood"?West Hollywood to be precise. Opening on eternally hip Melrose Place in May, the new ground-floor store, housed in a building dating back to 1896, is a departure from the traditional Diesel retail formula. Customers will enter the vast, windowless shop through large Gothic doors in the front or a cloud-festooned hallway that leads from the rear parking lot. Classic Diesel design aspects, such as the worn-in, vintage atmosphere of other locations, have been discarded in favor of unique lighting techniques and product displays. The stark cement floor...
...exposed ceilings - it's very urban." Simon Woodroffe, owner of the YO! Sushi restaurant chain, is taking a similar, less-is-more approach to hospitality. Later this month he opens his first "Yotel" at London's Gatwick Airport. "We're doing what I call the Holy Grail of retail: delivering what rich people have to ordinary people," says Woodroffe...
...guys on the retail end of the business don't like this at all. As more and more people have piled into the business, their margins have come down. After paying his "middleman" for a new supply of DVDs about once every two weeks - he has about 1000 titles for sale at any one time - Zhou says he earns less than one RMB per disc sold. "It's definitely a volume business," he says wearily. When I press him on where his middleman gets his product - that is, who's actually making these pirated DVDs - Zhou smiles and plays dumb...