Word: retailing
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Universal Music Group, the industry leader with 31% of album sales, unveiled plans to cut prices of its CDs as much as 30%--to $12.98 at retail for most discs. No competitors have followed suit yet, but they probably will. WHAT TOOK SO LONG...
...first to translate it into reality was Rebecca Matthias, president of Mothers Work, who says she didn't buy a single maternity outfit when she was expecting her first child in 1981. "The industry was run by men," says Matthias, whose company claims to be the largest maternitywear retailer in the world. "Everything was pink flowers, frilly, really inexpensive. I couldn't wear that to work. The good-quality clothes didn't exist, and they didn't have clothes to wear out, because you were expected to just stay at home." She started a tiny catalog business selling suits made...
...course, Eve isn't the first pop-culture sensation to try on fashion. In the past two years, Jennifer Lopez has watched her line, JLO, take off, earning $130 million at retail in 2002, with $175 million projected for this year. And over the past few months, it seems every celebrity with a face and a following has announced a new fashion line. Eminem, Mary-Kate and Ashley Olsen, Nelly, Jay-Z and Mexican pop idol Thalia Sodi all have theirs. Beyonce Knowles, Gwen Stefani and 50 Cent are each coming out with a label. Lenny Kravitz reportedly really wants...
...This is a huge untapped market just starting to take off. It's just on fire," says Jennifer Black, a retail and apparel analyst at Wells Fargo Securities, of the urban category most celebrity lines fall into...
...course, what every architect dreams of. Adjaye is getting there, one building at a time. Earlier this year the borough of Tower Hamlet in London's rough-edged East End broke ground on his largest project to date, a library so up to the minute--with its cafes and retail space, escalator atrium and digital displays across the exterior walls--that the lackluster term library has been put aside. The official name for this place is the Idea Store. Directed to create a library that would be as user friendly as a shopping mall, Adjaye provided a design of interflowing...