Off The Hook

Heard On The Street

By Debra Phillips

  • Pillow talk: It's hardly a sleepy market for pajamas now that the TV series "Ally McBeal" has showcased its title character wearing--and dancing in--whimsical sheep-and-cloud-patterned PJs. The sleepwear--a product of the New York City-based label NICK & NORA Sleepwear--is rousing mainstream America's interest in nighttime duds. "Sleepwear is a respected category now," says Steven M. Abrams, who co-owns NICK & NORA with Linda Rae Tepper (both pictured at left). "It's nice we're getting some recognition."
  • Big Blue is getting bigger: Microsoft may be grabbing headlines, but IBM isn't exactly resting on its microchips. With an eye toward plugging into a greater share of the database market (and, not incidentally, overtaking current market-share leader Oracle), IBM reports it will increase its team of database-software salespeople by 1,000 within the next two years.
  • Not just kidding around: Children's apparel and accessories retailer Gymboree Corp. is making a play for pre-teens with a new chain of clothing stores. Although details were sketchy at press time--even the name of the chain had yet to be announced--we're interested to see if pre-teens cotton to this newest fashion outlet.

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This article was originally published in the August 1998 print edition of Entrepreneur with the headline: Off The Hook.

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