Word: swedishly
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Women wield enormous spending power, influencing almost 80% of all consumer decisions in America. But it's not just the Giseles and Chanels of the world who influence what we buy or the way we look. Behind the scenes, women like Margareta van den Bosch, design director of the Swedish fashion chain H&M, have a hand in the look of more than 500 million pieces of clothing a year. Wildly popular entertainers like the Olsen sisters oversee a billion-dollar business that includes fashion and beauty products...
...then H&M will have changed its windows, and there will be hundreds of new $13 T shirts splashed with retro sports logos, alongside bulky acrylic turtlenecks and cropped, V-necked varsity sweaters, each for about $19. That's the Swedish company's specialty: serving up a never-ending stream of must-have new looks at prices none of its European competitors can match...
...fast fashion, when every street corner in every city offers the latest look for under $100, H&M is the fastest and cheapest source for trends. And yet it is surprisingly stealthy, based in a modest brick building in central Stockholm and run by a large group of mostly Swedish designers who cull the hippest looks from the multitude of styles emitted by TV, music videos, the street and the runway. With annual sales of about $6 billion, H&M is smaller than Gap Inc. (sales top $15 billion, and the Gap brand represents 46% of that) but bigger than...
Desk: Jones appears to be an avid reader. Her bookshelf includes Al Franken’s recent Lies and the Lying Liars Who Tell Them, Beginners’ Swedish, and a collection of Steven Pinker books. Kauble happens upon a ball of yarn. “Oh, she’s a knitter!” he exclaims. Upon further exploration, more balls of yarn emerge. “She’s obviously going all out on this—she’s got three balls of this shit! She must be making a whole wardrobe...
...Strong Signals Swedish telecom giant Ericsson announced a quarterly profit of $19.4 million, its first since 2001. Global mobile-phone sales are estimated to have risen...