Word: retailing
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...nothing to lose by speaking to TIME. "Whether you publish our names or not, we are all dead men in this market," says the 54-year-old as he squats on a white platform in his little store. Kawran Bazaar, a sprawling complex of wholesale markets and retail shops near the heart of the capital, is a hunting ground for gun-wielding extortionists who don't hesitate to kill if they are refused their protection money. On Feb. 9 six suspected extortionists shot dead Mostafa Kamal, a travel agent who worked near Kawran Bazaar. Business has now dropped off sharply...
According to the National Golf Foundation, 2 out of every 3 new golfers are women. And according to NPD Group, a retail-trend tracking company, only 38% of women who buy golf apparel actually play in it. "Golf is more than just a practical sport now," says Marshal Cohen, chief analyst at the NPD Group. "People are buying golf clothes for multiuse, as a way to make casual clothing dressier." So it makes sense that fashion designers like John Galliano and Karl Lagerfeld are also getting into the game with funky golf-apparel lines that are not just...
ROBERT LYON: I don't think employment is as dire as the headlines. You couldn't have the strong retail sales we have if that were the case. People aren't getting counted because they are self-employed. You will see better employment growth the rest of the year...
...wine lists of top non-Asian restaurants. In New York City the wine list at the posh French-inspired Chanterelle features a wide variety of sakes. In San Francisco, sake is paired with the smoked meats at Memphis Minnie's Barbecue and is sold at a sake-only retail store, True Sake, which stocks more than 125 brands. The beverage is also the subject of a major exhibition running through June at the Pacific Asia Museum in Pasadena, Calif. --By Lisa McLaughlin
...basic institutions are barely in place. There is still no retail bank in Iraq. No taxes have been collected. Even the normally upbeat U.S. officials admit that the prediction of foreign businesses storming the gates was off the mark. "People are afraid to set foot in here," says Olin Wethington, deputy director of economic policy for the coalition and the top U.S. Treasury official in Iraq. Rather than open offices in Baghdad, companies have dispatched small reconnaissance missions. "They're scoping out opportunities, anticipating that sometime the security situation is going to die down," says Wethington, who--like the rest...