Word: retailers
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Despite blistering snowstorms and a dip in consumer confidence, retail sales rose strongly in February, signaling that recession-weary shoppers may finally be opening their wallets. Yet experts quickly noted that consumers have not convincingly abandoned their penny-pinching ways and likely won't for a long time...
...initially - demand for white gold continued to rise. And ivory-trade regulation in the U.S. is confusing and full of holes - ivory was even being traded on eBay until the Internet vendor shut down the sale of it recently. "The data shows that the U.S. is the second largest retail ivory market in the world," says Todd. "It's hard for consumers to know what is legal and what...
...over people copying the work of established fashion houses,” Habashy wrote in an e-mail. “But emerging designers are barely scraping by, and to have the tenacity to cut them out of this competitive retail market is just wrong...
...will be years before China has a consumer-driven economy like that of the U.S., but with retail spending rising by double-digit percentages every year, the immediate future looks good. For the most part, the companies poised to enjoy the splurge will not be multinational but Chinese. They know their home market, and how to overcome its obstacles. Some also offer instructive examples for foreign enterprises keen to ride the growth of Chinese consumer culture. Here are four: (See pictures of China's infrastructure boom...
...manufacturing. His initial venture making jackets was a flop. "We had only one kind of material, in seven colors," he says. "It took us three years to sell them all." The experience made him see that it might be smarter to outsource design and production and concentrate on retail. He envisaged a chain of Li Ning shops, capitalizing on the goodwill that his name retained as memory of the Seoul snafu faded. "I realized if I ran the company by myself it wouldn't be a success," he says. So he began taking on expert advisers as the 1990s began...