Word: retailing
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...Number of retail outlets opened in Chongqing...
...bringing the Wal-Mart way to China. "I was blessed to work for Sam Walton," he says, "and I am doubly blessed to work in China." Walking through a brightly lighted store in Shenzhen, the boom town across the border from Hong Kong, Hatfield, who heads Wal-Mart's retail operations in China, can't disguise his delight over the--what else?--"everyday low prices!" He zips over to an electronic keyboard selling for $20. "It was three times more a few years ago!" he exclaims. He pauses at a bathroom scale that used to sell...
...could charge slightly more. Meanwhile, Wal-Mart allows only a month between its orders and delivery time, so Sng has to badger suppliers to deliver promptly. It's tough, but Catalina knows that in today's China, it's not too smart to push back hard against the retail giant's demands. "This is the real world," Sng says. "If we don't do this business, someone else will...
...plans to "create urgency" around body soufflés and foot butters. A new Carol's Daughter ad campaign featuring Jada Pinkett Smith has helped propel online and catalog orders up 300% and 500%, respectively, over last year, says Price. Next: an expanded men's line and 12 new retail stores across the country, including a Harlem flagship opening in August. --By Coco Masters
...waters that bars gave caviar away. Overfishing destroyed the industry. Domestic fish farmers are now reviving it, marketing American caviar from such species as paddlefish, trout and hackleback. From white sturgeon alone, U.S. aquaculture is producing about 10,000 lbs. of caviar annually; at $30 per oz. retail, it has become a $5 million-a-year industry. But to Zaslavsky and other sea snobs, American caviar is nothing like beluga. "It's like a $10 wine compared with a $350 wine. You can't compare the two," sniffs Zaslavsky. Sturgeon Aquafarms isn't the only fish in the aquacultural...