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Don't Underestimate China's Luxury Market

Harvard Business Review

China's luxury market — and the global phenomenon of " trading up " — are well known. Yet when China's consumer markets recently experienced short terms blips, several doubters promptly questioned the pace of their long term growth. And the jewelry market is led by Tiffany & Co. But times are changing.

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Dressing China

Harvard Business Review

All the world's apparel manufacturers and retailers have joined the race to clothe China. Unsurprisingly, apparel spending in China has been growing by a robust 16% per annum. In 2009, sales totaled $114 billion, making China the world's second-largest apparel market behind the $287 billion U.S.

Apparel 14
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Why CEOs Should Watch the Royal Wedding

Harvard Business Review

costofweddings.com estimates that the average couple spends $24,000 per wedding, probably an underestimate once one adds up a year's worth of planning for apparel, beauty treatments (including weight loss), officiants and music, venues and catering, and numerous other services. In the U.S.,

CEO 16
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The 3 Essential Jobs That Most Retention Programs Ignore

Harvard Business Review

For example, in 2009 professors Brian Becker, Mark Huselid, and Richard Beatty estimated that in most companies less than 15% of jobs are what they call strategic positions and said management should focus “disproportionate investments” on finding A players for those jobs. Connectors in the middle. Critical contractors.

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The Rise of WhatsApp in Brazil Is About More than Just Messaging

Harvard Business Review

So when the messaging service WhatsApp entered the market, in 2009 , allowing users to send messages to anyone for free and regardless of their mobile carrier, people gravitated toward the platform. WhatsApp was originally marketed as an app with one purpose: messaging. Direct messaging is the next frontier in digital marketing.

Brand 8
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Getting Back to Growth

Harvard Business Review

This preserved one of the indicators that have consistently pointed north since the economy emerged from recession in 2009. Many chase market share they'll never get. A lot of companies throw money at the problem — more R&D, more marketing, more sales people. Nor can they rely on macroeconomic growth.

Retail 12
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How This Lingerie Store Boosted its Bottom Line, Despite the Downturn

Harvard Business Review

Among its intimate apparel store peers — who are in the business of helping women find the perfect undergarments through a sometimes thrilling and at other times exasperating process — Journelle stands out. From first quarter 2008 to 2009, bankruptcy filings leapt by 75%. Journelle in New York City is no ordinary store.

TSR 15