The dangers of being in an overcrowded market

Article Abstract:

Blacks Leisure saw a sharp rise in its stock price in 1996 and has been helped by a growth in the sporting goods and fashion market from 1996 to 1998. The First Sport retail chain accounts for over 50% of Blacks Leisure sales, and this market is seeing increased competition. Blacks Outdoor is also part of the group and has 39 stores, though demand is not dynamic for hiking boots and tents. Active Venture is also part of the group, with 18 stores selling branded outdoor clothing and footwear. There is concern that Blacks Leisure could be affected by a downturn in the market for sporting goods.

Clothing and Clothing Accessories Stores, APPAREL AND ACCESSORY STORES, Specialty Chain Stores, Management, Sporting goods industry, Clothing stores, Blacks Leisure Group PLC

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Evaluating models of autoregressive conditional duration

Article Abstract:

A unified framework for testing and evaluating the adequacy of an estimated autoregressive conditional duration (ACD) model is presented. Two new classes of ACD models, the smooth transition ACD model and the time-varying ACD model are introduced and their properties are discussed.

Nonlinear theories, Autoregression (Statistics)

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First things first

Article Abstract:

The phrase 'first things first' has been used repeatedly in recent politics, especially in issues surrounding the alleged budget surplus. The phrase 'guilt by association' is also seeing frequent use. It was first cited in a 1942 book, but its usage may date to the early 1900s.

United States, Analysis, Column, English language, Idioms, Political slogans

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