A Chinese person drinks on average five cups of coffee a year. In a small town of south China’s Hainan province, this rises to 200 a year. The figure, which is comparable to the world’s average of 240 cups, has impressed international coffee dealers who are seeking to take a share of the market in China.
Clothes retailer Aber-crombie & Fitch Co (ANF, quote) plans to open more than 100 stores in China under its A&F and Hollister brands over the coming decade, ploughing a new furrow in what it calls “casual luxury.”
Morning Coffee Break – Friday March 22 As we get ready to start the final session of the week traders will be without a doubt will be focused on the developments in Cyprus. Or should I say lack of development as Cyprus leaders’ hopes for a Russia bailout loan has fallen part and are going into the weekend with no deal and the European Central Bank deadline set for Monday
Current market conditions – The Dow Jones (DIA, quote) trading up by 0.21% to 13101.07, S&P 500 (SPY, quote) is trading lower by 0.10% to 1421.51 and the NASDAQ (QQQ, quote) is trading down by 0.65% to 2969.88
Tumi Holdings shares opened up for the first time more than 45 percent above their offer price.
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