FOX Translator
No data currently available.
No data currently available.
You're at a fruit market. But, instead of just being able to buy apples at this fruit market, you can also sell fruit.
You're not a farmer, so you come to the market to buy some apples and you see two fruit stands. Fruit Stand A on the left
is buying and selling apples at 50 cents apiece. However, Fruit Stand B on the right is buying and selling apples at 53 cents
apiece. People are buying and selling apples at these two stands all the time, and the price at a stand could change at any
moment. But, while you're there, apples are 50 cents and 53 cents, respectively.
You're a smart person, and you quickly
realize that you can buy apples from Stand A and then sell them across the street to Stand B and make a 3-cent profit. But
you have to do it now; you can't wait. So you buy all the apples at Stand A and then run to sell them all to Stand B.
Congratulations.
You've committed fruit-stand arbitrage.
Arbitrage is exactly that: the selling of the same item between two different
markets to make a profit off the mathematical differences in price. However, it's not apples that are traded--the goods in
question are usually stocks, currencies and other securities. Arbitrage happens when you get a stock, usually a common one
like General Electric that's traded on multiple markets (Japan, Hong Kong, U.S., etc¿). The stock is usually worth within
fractions of a penny the same on each of those markets. However, there are often some minor variations.
People who
participate in arbitrage take advantage of these variations--and make a ton of money doing it. As seen in the fruit stand
example, you can make a "riskless profit" from buying and selling apples between different markets.
There are some
big hedge funds that make almost all their money off arbitrage. But, despite this simple example, arbitrage is mathematically
complex--and involves a good portion of risk if you don't know what you're doing. You probably won't be able to participate
in arbitrage directly, but you can always invest in a mutual fund that does.
Home / Markets / Industries / Retail
Thursday, July 10, 2008
Limited Brands Announces Locations for Its First Canadian Bath & Body Works Stores
Comtex
COLUMBUS, Ohio, Jul 10, 2008 (Canada NewsWire via COMTEX) ----Limited Brands Inc (NYSE: LTD) has announced the locations for its first Canadian Bath & Body Works stores. Six stores will open in the fall of 2008 in the following Canadian malls:
<< (Logo: http://www.newscom.com/cgi-bin/prnh/20020520/CLM001LOGO ) >>
<< - Erin Mills Town Centre (Mississauga) - Fairview Mall (Toronto) - Stone Road Mall (Guelph) - West Edmonton Mall (Edmonton) - White Oaks Mall (London) - Yorkdale Shopping Centre (Toronto) >>
"We're excited to extend our world-renowned brand of personal care and home fragrance lines to Canada, where customers have already expressed a tremendous interest in our products," said Leslie H. Wexner, chairman and chief executive officer of Limited Brands. "Our acquisition of La Senza last year allows Canada to be our stepping stone into international expansion."
"Thanks to our years of Canadian retail experience, we understand the needs and desires of our Canadian consumers. With our experience and knowledge, we are perfectly positioned to introduce this brand into the marketplace," says Laurence Lewin, president and co-founder of La Senza.
These Bath & Body Works stores will initially create nearly 250 new full-time and part-time jobs in Canada.
<< ABOUT BATH & BODY WORKS: >>
Bath & Body Works is the largest specialty retailer in sales of beauty and personal care items. In the company's more than 1,600 stores, Bath & Body Works offers the most luxurious beauty products in fragrant bath and body care, facial skincare, hair, spa and home. Today the specialty store sells not only its own branded Bath & Body Works Signature product line, but leading beauty brands as well, including C.O. Bigelow, Aromatherapy and True Blue Spa.
<< ABOUT LIMITED BRANDS: >>
Limited Brands, through Victoria's Secret, Bath & Body Works, C.O. Bigelow, La Senza, White Barn Candle Co. and Henri Bendel, presently operates nearly 3,000 specialty stores. The company's products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.
<< ABOUT LA SENZA: >>
Based in Montreal Canada, La Senza has become synonymous with high-quality, affordability and elegance. Since the first store opening in 1990, La Senza has maintained a focused vision of excellence, taking pride in its dedication to its customers and its merchandise. La Senza Corporation operates over 326 La Senza Lingerie, La Senza Express, La Senza Spirit and La Senza Girl stores throughout Canada. In addition, there are 341 franchised La Senza and La Senza Girl stores operated internationally in 34 countries.
SOURCE: Limited Brands
Business & International: Tammy Roberts Myers, Vice President, External Communications, Limited Brands, Inc., +1-614-415-7072, extcomm@limitedbrands.com; Product: Carole Teitelbaum, Executive Vice President, Bath & Body Works (Canada) Corp., +1-514-421-8730 Web Site: http://www.limitedbrands.com http://www.BathandBodyWorks.com http://www.VictoriasSecret.com http://www.HenriBendel.com http://www.LaSenza.com
Copyright (C) 2008 CNW Group. All rights reserved. ********************************************************************** As of Sunday, 07-06-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-11-2008 for LTD @ $17.51. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
