Word: worthing
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...block away at Steve Madden, manager Francesca Ruggiero lamented that the store hadn't even sold $4000 worth of footwear by 9 a.m., even though it had opened at 6 a.m., an hour earlier than last year. Next door, Victoria's Secret manager Linda Petar told TIME, "We're on target," although by 8:45 a.m. the shop had sold less than $80,000 worth of merchandise toward its goal of $650,000 for the day. Other stores, including Perfumania, Fossil and Aerosoles all looked fairly desolate by 8 a.m., despite the perky signs beckoning, "Come In. We're Open...
...surge in bluefin-tuna-fishing over the past decade has been driven by the proliferation of sushi restaurants across the world. The bluefin industry, once the province of rustic local fishing fleets in the Mediterranean, was last year worth about $1.6 billion. Today tuna fleets use high-tech spotter planes buzzing over the Med during the summertime tuna-spawning season in search of shoals that have escaped the trappers. The industry's major players are massive multinational corporations like Mitsubishi, the world's biggest tuna trader - Japan imports the bulk of bluefin tuna caught in the Med. Some...
...best of times on the thinnest of profit margins. Now, with a global recession gathering pace, the best of times are gone, and the pain in what had been booming areas in southern China is spreading quickly. Fully half of China's toy exporters, which sent nearly $8 billion worth of Barbies and Thomas the Tank Engines to export markets in 2007, were driven out of business in the first seven months of this year, Beijing's General Administration of Customs said in a recent report. In the city of Shenzhen, the other major manufacturing center in Guangdong province...
...European medicines market is worth over $175 billion. Europeans spend some $275 billion a year on pharmaceutical products - an average of $550 for every man, woman and child. But generic medicines can cost as much as 90% less than branded drugs: total savings gained by copycat drugs entry amounted to at least $17 billion over the 2000-2007 period examined by the Commission. Without these savings, the total expenditure for the medicines would have been more than 25% higher...
...According to the pharmaceutical market news service Pharmawire, around $114 billion worth of drugs will go off patent in 2008-12, including lucrative brands such as Eisai's Aricept, which treats Alzheimers, and Pfizer's Lipitor, which lowers cholesterol. Some analysts say patent expirations could lead AstraZeneca and GlaxoSmithKline to lose up to one third of their sales...