Word: retailing
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...Although relations between the Palanpuris and the Hasidim are cordial, Surat's diamond traders admit that India's sudden rise to prominence has caused some resentment in Israel and Belgium. One Israeli analyst frets that Surat's bustling workshops are flooding retail stores with diamonds, which could depress prices for years to come. ABN AMRO's Patnaik points out, however, that the market for diamonds could expand quickly as the burgeoning middle classes of China and India develop more of a taste for diamond jewelry. To make sure they secure a foothold in the Chinese market, some Surat businessmen have...
...RETAIL SALES Nearly $60 billion worth of diamond jewelry is sold worldwide each year. The U.S. market accounts for 50% of all sales, followed by Japan and Europe
...digital than analog," says Matt Milne, Gateway senior vice president for consumer products. By going to some of the same suppliers it uses for its PCs, the company slashed prices, and the rest of the industry scrambled to follow. The move could not save the ailing PC company's retail stores--188 will be closed this year--but it has given Gateway a chance to reinvent itself in consumer electronics. Analysts expect prices to fall even further this year, driving up sales. According to Lee Simonson, senior vice president for consumer electronics at Best Buy, $2,999 was the "breakthrough...
Rising gasoline prices are siphoning money out of drivers' wallets. The average price for retail gasoline hit $1.76 a gallon last week, according to the American Automobile Association (AAA), up 5¢ a gallon over the previous month. California motorists have suffered from pump prices well above $2 a gallon. The Bush Administration says the Environmental Protection Agency is "seriously considering" requests from New York, Connecticut and California for temporary exemption from cleaner-burning-gasoline requirements that have likely contributed to higher prices, given that those blends are in shorter supply. If the exemption is granted, drivers could see prices...
...PUMP WHERE YOU SHOP. Prices at wholesale clubs like Costco, Sam's Club and BJ's Wholesale Club can be significantly cheaper than most retail gas stations, although you have to be a member to get the best discount. BJ's lists stores with gas pumps on its website, www.bjs.com...