Richard Baum
Richard Baum
Richard Dennis Baumwas an American China watcher, Professor Emeritus of political science at UCLA, and former Director Emeritus of the UCLA Center for Chinese Studies, noted for his many academic works on Chinese politics. Baum creditted Rhoda Sutherland of Oxford University with inspiring his interest in linguistics...
china field mike past prime three
Mike was a prime mover in the contemporary China field -- in some respects, the prime mover -- for much of the past three decades,
aspect buys commitment delivering fashion few frequently gross happened improve inventory less minimize missed stores terms
We think there's very few of them that can be long-term buys because of the fashion aspect of it, ... In Gap's case, what's happened here is that they've acknowledged that they have missed fashion but, in terms of their inventory management, they'll be delivering more frequently to the stores with less inventory commitment to each delivery. That should minimize their markdowns and improve their gross margins.
hitting
If they're not hitting the week's plan, they have to do something.
deal europe last main super target
Last year, they did this in conjunction with the Super Bowl, and the main target was the U.S.. This year's target was Europe. It's probably as big a deal in Europe as last year's was here.
bit consumer home secular slower truly
It was a little bit slower than it has been, but consumer electronics and home furnishings are still very, very strong, ... If we were truly in a secular slowdown, we would see slowdowns in all categories.
rained square students
The students in the square rained on Deng's parade,
across aggressive footage gap growth problems square weakness
Gap is experiencing weakness across all its brands, with its merchandise problems exacerbated by its aggressive square footage growth,
carry cautious companies guidance heart results second taking
Companies (retailers) are being very cautious about their guidance for the second quarter, so we're not completely taking it to heart that these (strong sales) results will carry through,
achieved agreement beijing china global major sign testing wings
Beijing is just testing its wings as a global player. This agreement is a major sign of China having achieved that stature.
black blue consumer good last people refer season strong
I know people refer to this as Black Friday, but it's probably a Blue Friday. We think it's going to be a season that'll probably be not as strong as last year, but nonetheless we think the consumer is in pretty good shape.
against barometer both human rights since weapon
Ever since Tiananmen, of course, the U.S. has used human rights both as a barometer and as a weapon against China,
environment extremes good struggling
It's very mixed. When you get into an environment like this, the extremes get magnified -- the good do better and the struggling do worse. It's like quicksand.
age-and-aging basically carry cents dollar inventory sell unless worst
The worst thing is to carry inventory over. Unless it's wine, it doesn't get better with age. It's basically better to sell it for 10 cents on a dollar than keep it.
add business planned prepared promotions
They have their planned promotions, but they have to be prepared to add some planned promotions in there if business is not happening.