Counterfeiting, which has always been somewhat of a problem in several different industry settings, has recently become an epidemic in the fashion industry. Widespread and seemingly endless counterfeiting of fashion goods is costing the industry millions of dollars in lost profits and tarnishing the image of many luxury brands. This article reviews definitions of counterfeiting and antecedents of consumers' purchases of counterfeit goods and examines counterfeiting's impact on both the industry and the economy. Suggestions are offered with the goal of educating consumers regarding the issues raised by such consumption behaviors.
A panel discussion on "Consumer Issues" is presented. When you talk about a joint venture, one of the things to keep in the back of your mind is that a joint venture is a merger, of a kind. But sometimes when you create a joint venture -- and they are created, very often, by competing organizations -- they get together and merge any number of items and processes and operations to achieve a business objective. Visa and MasterCard are of that kind. Antitrust law has recognized, as a general proposition, that joint ventures are often pro-competitive. However, joint ventures also can be a device for anti-competitive activity, particularly when there are competitors involved. Most joint ventures are adjudicated under the so-called rule of reason. Networks are often formed through joint ventu...
NEW YORK, Jan. 13, 2011 /PRNewswire/ -- The consumer staples analysts at S&P Equity Research see a mixed picture for the sector in 2011, but believe the sector has defensive appeal when compared to other more economically sensitive sectors. "Although we view the U.S. and Western Europe as relatively mature markets, we think that developing international markets such as China, India, and Brazil should offer some good long-term growth opportunities," said Tom Graves, Consumer Staples Group Head at S&P Equity Research. Looking to 2011, the consumer staples equity analysts at S&P expect the following to happen.
The newly operational Consumer Financial Protection Bureau has issued its first interim rule which it says will fill a regulatory gap in the mortgage industry. The new rule, published in the Federal Register, allows state- chartered mortgage lenders to offer alternative mortgages under the federal Alternative Mortgage Transaction Parity Act of 1982, rather than under state law. The rule is effective immediately.
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