Word: flagship
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...apparel retailers all across the country. Then there's Abercrombie & Fitch. The upscale teen retailer has suffered 10 straight months of double-digit same-store-sales declines. In the second quarter of 2009 alone, sales were down an eye-popping 30% across the company's three name outlets: the flagship Abercrombie brand, which has 567 stores; Hollister, a 520-store teen chain; and Ruehl, a 29-store chain for young adults that Abercrombie shut down in June. Abercrombie & Fitch lost $26.7 million, which includes $24.4 million in charges associated with the closing of Ruehl, in the second quarter. During...
...Antarctica In winter, the icy blast of wind coming off the Southern Ocean reminds you that southward, the next stop is Antarctica. Indeed, when not exploring, Australia's Antarctic flagship - an impressive research-and-resupply vessel named Aurora Australis - is usually docked here. To familiarize yourself with Australia's (and Hobart's) involvement with the icy continent, visit the riveting "Islands to Ice" exhibit at the Tasmanian Museum and Art Gallery, tel: (61-3) 6211 4177. Don some funky glasses, watch a spectacular 3-D film that lets you wander across the ice, bracing against the katabatic winds while imagining...
...Microsoft, even the world's largest and most powerful software company can't afford to cede territory. In July, Microsoft reported its worst fiscal year since the company went public in 1986, with annual revenues from the company's flagship Windows product declining for the first time ever. In the fall, Microsoft will release a new operating system, Windows 7, to rescue the tepidly received Windows Vista...
...Royces are typically leviathan in size and synonymous with ostentatious wealth. But the company's new Ghost model will be much more modest. A prototype of the four-door sedan that has been making the rounds at auto shows this summer is shorter and sleeker than the company's flagship Phantom limousine, making it "slightly more agile" and better for daily use, says Rolls-Royce CEO Tom Purves. It's more affordable as well, priced at just $245,000, far below the $380,000 baseline price tag for the Phantom. (See 10 things to buy during the recession...
...Similar efforts are being made across the island. In Kaohsiung, the government in 2008 opened a software park to spur tech start-ups alongside the city's traditional export factories. Nationally, Ma's administration has targeted six "flagship" industries for investment and development: biotech, health care, high-end agriculture, tourism, green energy, and creative and cultural businesses such as traditional arts and pop music. The government intends to support these sectors by providing financing, improving the capabilities of state research institutes and other measures. "We are keenly aware these industries in five to 10 years will be the major industries...