Word: retailing
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According to Garrett Alexander, the Mecklenburg County assessor, there are 926 new or expanding businesses in Charlotte through the first three quarters of this year, compared with 898 at the same time in 2007. Retail vacancies are at 5.9%, the lowest rate since 1988. There were 9,552 new jobs created, though that marked a 15% drop from the same period last year...
...most of 2008, Chinese financial élites would retail a dark joke making the rounds in Beijing and Shanghai: we sell Americans poisoned food, toys and pharmaceuticals - and they sell us poisoned financial products. Who's getting the worst end of the deal...
More fundamentally, Aldi concentrates on selling core, high-volume grocery products, like ketchup, cereal and coffee. Want a choice? Forget it. By offering a single brand, usually a private label in a single size, Aldi executives say they can substantially undercut conventional retailers on 90% of the products the store sells. Nor do customers have to make any trade-offs in buying private labels. Consider the sleek, dark 16.9-oz. bottle of Ariel Extra Virgin Olive Oil ($4.29). Or the 13-oz. box of Fruit Rice cereal ($1.69). "You wouldn't be embarrassed to have that on your counter," says...
...American love story between East High's basketball star, Troy, and math ace Gabriella has proven a triumph not just for Disney - which has reaped around $680 million in retail sales from the franchise to date - but for cultural globalization. In Latin America, HSM concerts play 50,000-seat stadiums. Swedes and Puerto Ricans, Mexicans and Poles have been among the millions to take in HSM: The Ice Tour, which has three worldwide touring companies. The stage show has played in dozens of cities worldwide, including Beirut, where it premiered during violent clashes. On HSM web forums, fans from Madagascar...
...from shopping to sex. But Americans are doing demonstrably less of the former when it comes to cars. Sales are braking quickly, and this month are expected to be at their lowest level in 25 years, industry experts predict. According to J.D. Power, automakers will sell 10.8 vehicles at retail (fleet sales will add another 2.8 million). That's a drop of more than 15% from 2007. "Nobody's is coming into the showrooms," notes a senior official from Volkswagen of America...