Word: retailing
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...gets more press than Demi and Ashton, but he has turned the stodgy American brand favored by New Canaan, Conn., housewives and briefcase-toting free-lance writers into a global fashion status symbol. In fiscal year 2003 alone, Coach profits were up 67%. And while the rest of the retail industry was struggling with the effects of SARS, war in Iraq and unemployment, Krakoff was catapulting Coach from a half-a-billion-dollar company to a projected $1.1 billion company...
...lunchtime Verber will have bought some $87,000 worth of Lanvin goods (with a retail value of about $236,000). It's a sizable amount for a brand in the midst of a turnaround like Lanvin but mere peanuts to Verber, vice president of Mercury, a Moscow-based Russian retail company that has recently become known as a savior of sorts in the fashion world. Brands like Gucci, Prada and Chanel are partnering with Mercury to open outlets in Russia, and the country is one of the few bright spots in the global economic gloom of the last few seasons...
...sure, some economic indicators have been perking up, including stronger retail sales, corporate profits and manufacturing activity. But these could easily prove to be just a blip on the radar. After all, only weeks ago it was the D word--deflation--that was giving traders nightmares. Even Fed Chairman Alan Greenspan has publicly fretted over the prospect of the country succumbing to a Japan-like malaise with falling prices, though he says the possibility is remote...
...fortunate elite in India, but a rapidly changing economy is making the higher life available to more and more of the country's billion-strong population. College graduates are landing well-paying jobs in a host of emerging industries that barely existed in India three years ago: retail chains, fast-food restaurants, mobile-phone companies and especially call centers, data-processing firms and other businesses that do "back office" work for U.S. companies. KSA Technopak, a management-consulting firm in New Delhi, estimates that these young adults command $10.5 billion in cash to burn. The spending of these college grads...
...fortunate ?lite in India, but a rapidly changing economy is making the higher life available to more and more of the country's billion-strong population. College graduates are landing well-paying jobs in a host of emerging industries that barely existed in India three years ago: retail chains, fast-food restaurants, mobile-phone companies and especially call centers, data-processing firms and other businesses that do "back office" work for U.S. companies. KSA Technopak, a management-consulting firm in New Delhi, estimates that these young adults command $10.5 billion in cash to burn. The spending of these college grads...