Word: priced
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Dates: during 2000-2009
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Luxury brands responded by reining in spending, closing unprofitable stores, and offering secondary lines with lower price tags...
Read "Women in Luxury" An earlier version of this story incorrectly identified net-a-porter.com as an invitation-only discount retailer; it is a full-price fashion retailer that requires neither invitation nor membership...
...report, released Thursday by a coalition of retailers, supermarkets, drugstores and other businesses, found that Americans currently pay about $2 in "interchange" fees for every $100 they spend using credit cards. The fee is actually paid by retailers, though consumers feel it in a higher retail price. This rate is twice that charged in the U.K. and New Zealand, four times the rate levied in Australia and more than six times the cross-border rate charged in the European Union, the study says. (Read a brief history of credit cards...
...Baucus on Wednesday finally unveiled his bill to overhaul the nation's health-care system. The Montana Democrat did his best to sell the controversial proposal, stressing that it was largely in line with the principles laid out last week by President Barack Obama: it has a 10-year price tag of less than $900 billion, doesn't add to the deficit and includes a mechanism to ensure that those with pre-existing conditions can't be denied coverage. But Baucus' relentlessly positive spin couldn't change the fact that for all the wrangling and delays, not a single Republican...
...launching pad for rapid expansion. "If we make it in New York, we will be ready to green-light all of our brands," he says. "But first we need to pass the test there." Acurio has scouts checking out the city, looking for the right location for the right price. He hopes to firm up a deal shortly. (See pictures of what the world eats...