Word: sectored
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...China's phenomenal growth has been underlined in recent months by a series of high-level arrests in scandals involving hundreds of millions of dollars. Those detained have included the vice mayor of Beijing, the head of one of China's biggest property companies and senior government and private sector officials in Shanghai. Despite such well-publicized arrests, says Hu Xingdou, a professor of China studies at the Beijing Institute of Technology, there's little sign that the spread of corruption is being slowed by the government's actions. In Liuyang, for example, the fact that party officials are being...
...years the luxury sector, now a $140 billion business growing at approximately 7% a year, according to the Telsey Advisory Group (TAG), an independent research firm based in Manhattan, has been populated by a handful of familiar faces: Bernard Arnault of LVMH, François-Henri Pinault of PPR and the odd manager of Gucci or president of Chanel. But cash-rich private-equity firms have taken note of the impressive numbers those companies are posting. Gross profit margins for apparel are 50%, and for leather goods they can be as high as 77%, according...
Since 2000, sales of performance wear have increased an average of 20% a year, making it a vibrant growth sector in the sporting-goods industry. Americans spend around $38 billion annually on sports apparel, with $12 billion going toward performance wear, and that does not include footwear. According to the SGMA, while sales in the performance sector continue to expand, those in other sectors remain flat...
Although Nike still enjoys the largest market share in the athletic-apparel sector, with 17.5%, Under Armour has been catching up to the sportswear giant when it comes to performance apparel. There Nike owns 37.5% of the market, while Under Armour has 30.5%. For compression apparel, Under Armour's signature product, the company maintains its dominance, commanding 61% of the market, to Nike's 15%. And that's where Under Armour executives plan to start building market share in the larger sportswear sector: from its base of loyal fans who initially go to the brand for specialty products but then...
...Europe has always been a source of innovation in the beauty sector, particularly in fragrance and skin care. François Coty made his name by selling fragrance in small, decorative bottles. L'Oréal was started by a young Parisian chemist when he invented the first safe synthetic hair color in 1907. Brands like Helena Rubinstein and Estée Lauder were founded on skin-care formulas based on East European traditions. More recently, big beauty conglomerates such as L'Oréal and Estée Lauder have been shopping for new, innovative brands in old, familiar places like France, Spain...