Word: shoes
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...moving in the wrong direction in many sectors. Even as global commodity prices spike, Indonesia's valuable natural resources, including natural gas and minerals, remain untapped because of doubts about the legal system and worries over security. Over the past two years, more than 20% of Indonesia's shoe manufacturers have shut down. "The country has been deindustrializing for several years," says Hans Vriens, managing director of the Indonesia office of consulting firm APCO. "Investors don't even dare to visit this place, how can they invest...
Claim to fame: He took his family's century-old shoe factory in the Marche region of Italy and turned it into a leading luxury leather-goods brand with $466 million in sales last year...
...among young men who, unlike their elders, "grew up without the stigma that only gay men went shopping by themselves or with other men." For this new generation, Macko says, "it all starts with a premium denim, whether it's Levi's Premium or Seven; a great shoe, maybe Tod's; then a great shirt; then a blazer. We're doing a huge business in blazers...
...India's economic boom. Inside, however, except for a busy restaurant and supermarket, business is sluggish, and many shops are slathered with signs proclaiming SALE. "The customer response has been far below our expectations," says Atul Kaushal, owner of Threads & Toes Mart, a shop that sells jeans and shoes. "Many people come to the mall to look around, but very few actually buy anything." Kaushal says he's just about breaking even, but in another part of the mall, the manager of a shoe store is even more downcast. "We've been here for a year and a half...
...Sebago, now part of the same group that makes Merrell outdoor shoes, is back with its classic Docksides boat shoe, but the company has added more modern, sports-inspired versions and a women's line of sandals. It's even inspiring others: Tod's new moc, shown below, borrows from the Docksides standard...