Word: retailing
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What's Victoria's real secret? well, possibly that some of those frilly unmentionables ogled in catalogues and purchased from pink boutiques may be illegally imported from China. That's the allegation being leveled at the Limited, the retail giant that controls Victoria's Secret, as well as at Lane Bryant, Structure, Express and Abercrombie & Fitch. In a civil fraud case recently unsealed in Los Angeles, the U.S. textile industry, which includes manufacturers such as Springs Industries, claims it has revealing evidence that the Limited knowingly purchased reams of Chinese apparel mislabeled to indicate that it was manufactured in Hong...
...slight increase because the economy expanded at a rapid 5.6 percent annual rate in the first quarter, the best in 10 years. But several other reports released in recent weeks indicated that inflation is under control, eliminating the need for a rate hike to maintain a steady economy. Retail sales for April marked their largest decline in 10 months, for example, while orders for durable goods fell 3 percentin March. Politics may also have played into the decision: Greenspan had said that a balanced budget amendment, on which Congress and the President recently agreed, would likely stave off the need...
...before they got their first assignment: to find out whether the economic boom that sent the stock market to a new high last week was filtering down to the grass roots. In Chillicothe, Ohio, Chicago bureau chief James Graff found Jim Whitman, an executive vice president of the Petland retail chain, in high spirits; customers were buying his tropical fish, Dalmatians and flying squirrels in record numbers. In Aurora, W.Va., however, the mood was less sweet. Dale Pase, a park ranger, told staff writer Adam Cohen that 85% of his neighbors could be classified as "working poor...
...chain, where it's hatched, lives and dies--virtually. When it beeps, the owner is supposed to pet it by pressing its buttons. The chick even leaves virtual droppings to be cleaned up. It sells on Japan's black market for $500, but the suggested U.S. retail price is $15. The profits are real...
...greater numbers, Americans are embracing self-medication: a roll-your-own approach to health care that favors home-designed, prevention-oriented vitamin and drug regimens. "Forty-five percent of the U.S. population is using vitamin and mineral supplements," says John Troup of General Nutrition Centers, the U.S.'s biggest retail supplement chain. "It's a trend that's definitely become mainstream...