Word: retailing
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...those who believe the euro pushed up inflation significantly is that there's almost no supporting evidence. Italy provides a good example because, in 1993, it experienced a sharp deterioration in household income following a massive lira devaluation. Tens of thousands of people lost their jobs, auto and retail sales crashed and there were other sizable - and measurable - effects on the economy as a whole...
...since, despite complaints about the euro, there have been no such drastic side effects. From retail sales to savings patterns, the data appears normal. "There are no indicators that something terrible happened," says Enrico Giovannini, the former head of the Italian statistics office who now works at the O.E.C.D. in Paris...
Another problem is staffing. Cities like Chengdu don't have enough managers with global experience. HSBC, a company with a vast history in China, opened a branch in Chengdu in 2005 to service corporate customers. It would like to begin retail-banking operations in the city, but a dearth of local talent is one factor holding it back. "It is not easy to find staff who are familiar with foreign operations but also have a good understanding of the local market and customs," says Henry Han, manager of the Chengdu branch...
Murphy said in an interview that he was impressed by MIT’s attempts to increase retail space in Porter Square, an effort he said is also needed in Harvard Square...
...dole out their products depending on favoritism and availability. Now it's a market of supply and there's a lot more competition, so businesses have to be much more customer-focused." Sridevi Rao, an associate vice president at the research firm IMRB International in Mumbai, agrees. As new retail, telecom, credit card and airline businesses slug it out in the booming Indian market, she says, "players in these sectors are still in the process of standardizing service delivery while at the same time having to put up with strong competition from multiple service providers. In such a scenario...