Word: sharpers
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Dates: during 2000-2009
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...losses could surpass 2 million in 2009, with unemployment climbing to 8%. "As the economy slides into a deeper recession, it appears we are closer to the beginning of the labor market downturn than the end," wrote the study's co-author, economist Ed McKelvey. "We anticipate a sharper decline in employment in coming months." Reich also quotes 8% as a likely unemployment figure, though he notes that figure excludes job seekers who have given up searching altogether and part-time workers seeking full-time employment. With those segments of the population added, the figure could skyrocket to 12%, according...
...full black skirt as she makes final comments on her score sheet. Rounding out the trio is Timothy M. Parent ’09, founder of fashion show Project East. Clad in a naval jumpsuit and fierce boots, Parent has cutting opinions—and an even sharper tongue—when it comes to fashion...
...Main Street's Pullback For millions of Americans, the prospect of living within their means is a meaner one by the day. And it has consequences that are already showing in the bankruptcies of retailers such as Linens 'n Things, Mervyns, Steve & Barry's, Shoe Pavilion, Goody's and Sharper Image and in the possibility of poor holiday sales. The overleveraged consumer is the biggest economic problem the country faces, because debt has been the rocket fuel that has propelled growth for most of the past decade. Two-thirds of the $14 trillion U.S. economy is driven by consumer spending...
...breakfast cereal or a box of dog biscuits," says Golding. "There was a failure to appreciate that we were at the élite end of the hard-core surf market." The brand hadn't moved with the times, persisting with oversized clothes and huge graphics long after a sharper look became de rigueur. Its youth appeal dipped when kids spotted Mambo tees and shorts on the middle-aged, then plunged in 2006 when Gazal shifted Mambo stock from surf shops to department stores. From those '90s peaks of $40 million, in 2007 Mambo turned over $10 million...
...clothes are the thing. Kingsmill assembled a design team headed by Elisha Guilfoyle, fresh from a stint in Ohio at Abercrombie & Fitch, and Ben Noble, previously of Quiksilver. There'll be a sharper difference between the men's and women's ranges. Kingsmill is betting that women aren't so interested in jokes and slogans but will embrace a range that celebrates what he calls the "quintessential Australian beach babe," to be embodied by Sydney model Cheyenne Tozzi. Mambo will stay in department stores but also return to surf chains. If all goes well, says Kingsmill, its nine outlets...