The New Year’s Blahs: Retail Shares Decline On Downbeat Outlook
On 2008’s first day of trading, retail shares fell sharply as oil prices reached $100 a barrel for the first time ever. And after 12 months of steep erosion in the value of retail shares, this year is looking like it will be even more of an uphill battle.
From This Issue
When Nait Rosenfeld opened her clothing boutique, Nait, in Tel Aviv’s Gan Hahashmal in 2002, she was something of a pioneer. At the time, she was the only designer in the southern Tel Aviv neighborhood, which was home to mostly electrical supply…
Another round of British fashion figures has been honored in Queen Elizabeth II’s New Year Honors list. Stuart Rose, chief executive of Marks & Spencer, has been awarded a knighthood for services to the retail industry and corporate social…