Word: retailing
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...peace of mind that comes with not breaking the law. It will be interesting to see how much that's worth. But for now listeners are staying away in droves; industry analysts estimate that the legitimate downloading services have fewer than 300,000 users in all. Still, if the retail-music business is going to survive, this may be what it has to look like, and for the business side, that's the real significance of the digital revolution. "It's not piracy per se but a transition to a digital world that will transform what a record company...
...financial toll, meanwhile, is already catastrophic. Economists predict that China and South Korea could each suffer some $2 billion in SARS-related losses in tourism, retail sales and productivity. Japan and Hong Kong stand to lose more than $1 billion apiece, and Taiwan and Singapore could lose nearly that much. In Canada, meanwhile, J.P. Morgan Securities Canada estimates that Toronto is losing $30 million a day. All told, says WHO, the global cost of SARS is approaching $30 billion...
...Harkness is proved right--and there's good reason to believe she will be--Americans can look forward to better economic times soon. Already, oil prices have plunged and the stock market has rallied. Despite all the anxiety over the war, retail sales surged 2.1% in March, and the University of Michigan's consumer-sentiment index rose in early April to 83.2, from 77.6. Initial jobless claims have edged lower, indicating that layoffs may be decelerating. The lowest interest rates in four decades are spurring a new round of mortgage refinancing that is leaving hundreds of dollars more in consumers...
...chairman and chief executive, promises: "It's going to be a good fight." Round 1 will be price. Gillette is pricing its version at about ?1.50 apiece, slightly higher than Schick (known in some parts of Europe as Wilkinson Sword), while the new Bic is expected to retail at around j1 apiece. That's less than its rivals, but four times the price of its basic one-blade disposable. Focusing on a disposable razor marks a change of strategy for Gillette, which has a 70% share of the world market for razors and blades. The Boston, Massachusetts, firm has been...
...plate of glass doesn’t have to remain between you and all that flesh and overpriced khaki—welcome to Abercrombie merchandising, employer to Ivy League superstars. The self-proclaimed Goldman Sachs of retail clothing is recruiting at an Office of Career Services near...