Word: sectored
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...Minister. Putin's move dramatically strengthens the state's hold on the energy sector. Finance Minister Alexei Kudrin said that the assets of embattled oil major Yukos would soon be sold off in a transparent, legal way; Gazpromneft seems likely to take the spoils. Luxury Goody Two-Shoes N o loafing here: Gucci has agreed to become the first luxury fashion house to abide by a stringent voluntary labor code, the company confirmed last week to TIME. The leather and apparel firm, a division of France 's Pinault-Printemps-Redoute, pledged earlier this month that Gucci headquarters outside Florence...
Harvard’s gains were once again propelled by particularly strong returns in the fixed-income sector. Maurice Samuels and David R. Mittleman, the University’s bond managers whose salaries in excess of $34 million ignited a public outcry last year, are sure to be well compensated again this year for their performance...
...doing well again because they are trading up. They know they can't compete with Kohl's and Target." Stores like Neiman Marcus--famous for selling everything from $20 million submarines to $400,000 his-and-hers robots in its over-the-top Christmas catalog--are leveraging the luxury sector by appealing to that 1% of the U.S. that controls more than 30% of the country's wealth. Apparently it's working. According to Neiman Marcus president and CEO Karen Katz, the luxury-goods retailer has sold more alligator shoes this year than in the past three years combined...
...yellows and greens. Gucci sent out tops patterned with butterflies; flowers cropped up on shirts and jeans at Dolce & Gabbana and Calvin Klein, among others. Glimmers of hope are also discernible at the cash register. In the past six months, sales have risen 5.6%, the first increase in the sector in 3 1/2 years, according to Marshal Cohen of NPDFashion World, which tracks the apparel industry...
...been in this business for over 30 years, especially in the men's sector, and in the past five years, there's been a radical change with how men approach fashion," says Gabriella Forte, president of Dolce & Gabbana USA, who reports that the company's menswear sales increased nearly 40% over last year. "This segment, particularly among 30- to 40-year-olds, is shopping on its own." Among D&G items, Forte says vibrantly colored and striped shirts as well as jeans are selling best...