Word: sluggish
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Dates: during 2000-2009
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...performance was especially impressive in light of the generally sluggish retail environment. But Pacific Sunwear, perhaps more than any other retailer, seems to have figured out how to cater to the fashion desires of that fickle yet reliably profligate demographic group, American teenagers. By stocking only the hottest surf-and skate-clothing brands--and by being willing to dump them the moment they start to cool--the once laid-back West Coast retailer has expanded into a 650-store monster with outlets in 49 states and Puerto Rico (a store in the 50th state, Arkansas, should open soon...
...rising number of young consumers in India is providing one of the few hot markets in a sluggish world economy. U.S. telecom-equipment maker Motorola says sales of its mobile phones in India increased 200% in the first six months over the same period last year. Tearing a strategy page from its very successful China playbook, Motorola targets youngsters with cheap phones. In June Motorola joined up with Bharti to offer phones at $64? an offer it claims is the cheapest in India. "The attitude of the young generation is to enjoy life and spend money," says Pramod Saxena, president...
...cuts in the museums are the latest in a series of staff cuts across the University that have come as it struggles to deal with the sluggish economy and, according to Office of Human Resources spokesperson Marilyn D. Touborg, zero or negative returns on endowment investment...
...check to see if it is operating correctly. This used to mean a visit to a heart-rhythm expert. Now, with Medtronic's dial-up technology, a virtual checkup takes 15 minutes or less. The company expects similar technology to be available for pacemakers--devices that speed up a sluggish heart--by early next year. --By Janice M. Horowitz
...Recovery for Real? With the world focusing on droopy consumer confidence and sluggish economic growth, it's easy to overlook the fact that global stock markets have quietly risen over 20% since March 11. What does that mean? Bank of America strategist Lorenzo Codogno believes that while most of us look backward at last quarter's growth, the market is telling us what lies around the bend. "The stock market essentially anticipates the economic situation by three or four quarters," he says. "Right now it is pricing in a recovery for next year." Commerzbank strategist Rolf Elgeti disagrees. He says...