Word: slump
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...punkish surf-skate attitude that appealed mainly to teenage boys--an image the company reinforced by, among other marketing moves, sponsoring the X Games. But in 2001 Weaver took some tentative steps into the girls' market. Customer response was strong, helping pull the chain out of its mild slump. Weaver today attributes much of the past year's success to the purchasing instincts of girls, who, unlike boys, buy not just a single item of clothing but an outfit with a belt, bag, hat, earrings and any other accessories for which they can find space on their body. Weaver...
...Nikkei index of Japan's largest companies closed above 10,000 points last week for the first time in a year, and is up more than 30% from its low in April, outperforming the U.S. and many other markets. Behind the rise are signs that Japan's prolonged slump may be over. Foreign capital is pouring back into the stock market, but so far it's mainly from the U.S. The latest statistics show U.K. investors actually withdrew money from...
...country, two systems" adds up to three times the bureaucracy. A perfect example is the long-delayed Hong Kong-Macau-Zhuhai bridge. First proposed by Hong Kong developer Gordon Wu in 1983, the bridge was mired in cross-border politics for years, but SARS and a lengthy economic slump in Hong Kong have changed that. Last week, officials from Hong Kong and Guangdong announced that a bridge-building task force would meet at the end of August?the last step before seeking a formal go-ahead from Beijing, which has all but approved the bridge...
...Worlds, and only "Flying Finn" Paavo Nurmi won both Olympic golds, back in 1924. Why is El Guerrouj trying? "I needed a challenge." Expect more drama in the most glamorous races: the men's and women's 100 m. With defending champion Maurice Greene of the U.S. in a slump, the men's race is wide open. American Marion Jones usually dominates the women's race, but she's out because she's just had a baby. Look for Chandra Sturrup of the Bahamas and Zhanna Block of Ukraine to step up in Jones' absence. Paris will be the last...
...businesses catering to long-haul travelers stand empty. Waiters at smart restaurants in Singapore, sarong salesmen in Bali, bar girls in Pattaya?all sit idle, hoping enough customers will straggle in for them to survive another deathly quiet season. Hong Kong is meanwhile gasping for oxygen, enduring its worst slump in leisure travel in anyone's memory. Flights are full only because carriers have cut back heavily on the frequency of service and cancelled many routes altogether...