Versace Doesn’t Expect to Break Even Until 2011
They're cutting jobs, launching a lower-priced line, and building an apartment building in Dubai.
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All Blog Posts Tagged:
‘the economy’
Vongerichten Stocks ABC Kitchen
Amid widespread industry job loss, JGV, at least, is hiring for his new project.
Abercrombie’s ‘Business Model Now Appears Fully Broken’
December marked the chain's 21st month in sales declines.
Restaurant Sales Will Improve in 2010, But Not by Much
Just how much will the restaurant industry rake in this year?
Suburban Families Vie for Prestigious "No Heat Award"
NY and NJ families compete to go the longest without turning on the furnace.
Two Grinches
Econo-enemies Niall Ferguson and Paul Krugman agree on at least one thing: We're screwed.
Geithner Paid AIG Counterparties in Full Because He ‘Lacked Leverage’ With Banks
To which TARP inspector general Neil Barofsky says: "Hello, you're their regulator. THAT'S your leverage."
Severance Economy Next Shoe to Drop?
Some of the people laid off during the Greatest Depression have been unable to adjust to their new environment, to their (and our) peril.
‘Cash for Clunkers’ Hugely Successful at Buying People New Pickup Trucks
If you thought people were trading in their old Ford F150s for Toyota Priuses, you were horribly wrong.
Maybe Greenspan’s Manty Index Is Off Because It’s 30 Years Old
Economists are probably just obsessed with it because manties are fun.
Versace’s Layoffs Are 26 Percent of Its Workforce
They're the most dramatic cuts by a leading fashion house so far in this recession.
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