Word: retailing
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...accommodate busy schedules, forward-thinking companies like My Girlfriend's Kitchen are trying to improve lives with a retail experience that's personally rewarding. Why crank out dinner alone when you can whip up something delicious and make new friends? Inviting consumers to join an in-store social network is proving so appealing that meal-assembly kitchens are popping up across the country. Corporate giants such as Nokia and Ikea are also creating retail communities, offering shoppers services and entertainment that mesh into their lives, at times blurring the boundaries between retail and reality...
Most analysts say the attraction of luxury these days is the growth opportunity. TAG's Dana Telsey, who has tracked retail for 21 years, attributes the increased interest to "how profitable these businesses can be when run well." Companies like L Capital have earned five times their investment in firms like retail clothier Gant and three to four times their investment with Antichi Pellettieri SpA, an Italian apparel and accessories company?in just over three years...
...investment for the long haul. Brands bought today will undoubtedly be on the market again in five or so years, sold to another private-equity firm or a luxury conglomerate?or they are taken public. "It's a different approach," says William Cody, a professor in retail and marketing at University of Pennsylvania's Wharton School. "Gucci is looking to build a brand to fold into its business. Private equity is looking to build a brand to sell. They always have an exit strategy." So if things aren't working out, the owners or managers may be moved aside...
...streets of Southern California, he founded a modest contemporary label named after the saying bon chic, bon genre, Parisian slang for "good style, good attitude." Today he is chairman, CEO and designer of BCBG Max Azria Group, a $1 billion fashion powerhouse with 16 brands and a retail and wholesale network of more than 5,200 global points of sale, including 320 boutiques, some of them in locales as far-flung as Guam and Doha...
...studying classics in college, he designed and ran a womenswear line for 11 years. "It was very junior and very technical," he says. "I learned the business there?production, manufacturing, development." In 1981 he moved to the U.S. "for the California sun" and launched Jess, a successful French fashion retail chain. Eight years later, eager to do more than ready-to-wear, he started BCBG. "I decided to combine my two paths and challenge the leadership of the designer of the moment," says Azria. "When I entered the market, I was rejected because the élite say that you have...