Word: retailler
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...company called Manduka, which makes these luxury yoga props, has seen its sales rise 55% in the first four months of 2009. Sales at Amazon.com during this period are up a stunning 87%, and the company just signed a deal with Dick's Sporting Goods, a major retailer with 389 stores across the country. Manduka offers the Black Mat PRO, a thick, cushiony black mat, for between $74 and $130, depending on its length, and the biodegradable eKO for between $42 and $70. "Manduka is the Porsche, the Ferrari of yoga mats," says Phil Swain, CEO of YogaWorks...
...Twitter grows, it will increasingly become a place where companies build brands, do research, send information to customers, conduct e-commerce and create communities for their users. Some industries, like local retail, could be transformed by Twitter - both at one-store operations that cater to customers within a few blocks of their locations and at the individual stores of giant retail operations like Wal-Mart (WMT). In either case, having the opportunity to tell customers about attractive sales and new products can be done at remarkably low cost while providing for greater geographic accuracy...
...point: Uniqlo, the local entry in the segment, seems to be doing just fine. Tadashi Yanai, a cheap-chic guru and head of Fast Retailing, which owns Uniqlo, is now Japan's richest man, according to Forbes magazine. While most retailers are seeing same-store sales drop between 5% and 15%, Uniqlo's same-store sales rose 2.9% for fiscal year 2008 and 12.9% in the six months to February this year. "Uniqlo is the only big winner so far," says Murata of Credit Suisse, who thinks that for non-Japanese fast-fashion companies such as Forever...
...Market analysts attributed the brief but historic run to expectations among investors that the Congress Party's victory would bring political stability to India and give Singh's progressive administration a freer hand to pursue economic reforms in sectors such as insurance, retail and banking. Some analysts are already revising India's GDP growth and corporate earnings outlooks. Chetan Ahya, economist for Morgan Stanley Asia, upgraded his growth forecast for India this year from 4.4% to 5.8%. "The markets are enthused by the current political developments after 18 years of coalition governments," says Bharat Iyer, head of India research...
...recently been rebounding and is now up 76% since March 9 after today's gain. Institutional investors, who pulled $13 billion out of India last year, are piling back in and drove almost all of the trading on Monday, analysts say. The jury is still out on whether retail investors, who have been sitting on cash for the past 18 months, will now make a beeline for the markets. "I'd prefer them to sit by the sidelines for a while as the rally has been so fast and furious," says Shankar Sharma, chairman of Mumbai-based First Global Securities...