Word: mart
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Dates: during 2000-2000
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Still, retailers believe in Santa Claus. Some 60% of all holiday shopping takes place in the final two weeks, and merchants expect bargain-sniffing consumers to pounce at the last minute. "If the weather clears, the shoppers will be out," says Lee Scott, CEO of Wal-Mart. "They have shown they do have disposable income." Now they have to show they'll spend...
...were down nearly 10% from a year ago, according to the International Council of Shopping Centers. Sears has moved its after-Christmas sale to the week before, urging shoppers that this is "no time to fool around." Everyone from the Gap and Victoria's Secret to Circuit City, Wal-Mart and Home Depot is feeling the pain. Even online shopping isn't growing as fast as expected. Last week eToys announced its sales were lower than expected and it may run out of money in the spring. "For the consumer," says Richard Berner, chief U.S. economist at Morgan Stanley...
...dotcom world has gone to work for K Mart? It certainly looks that way. Refugees from Pets.com Eve.com Productopia, PlanetRX and just about every other recent flameout have landed here. Last Christmas, Bluelight.com (60% owned by K Mart; other investors include Martha Stewart) was an industry joke. Now it boasts an inventory of 30,000-plus items, more than 1 million unique visitors monthly and a massive, last-minute rollout of 3,600 Internet kiosks in 1,200 K Marts across America. CEO Mark Goldstein is blithely turning away job applicants--unheard of in employee-hungry Silicon Valley--and even...
...their expertise and long-established relationships to the equation. "You want to be the one place small-business owners go, because once you have them you want to suck them dry," says Shore. BizBuyer CEO Louvat believes that only exchanges offering a range of services will thrive. "Like Wal-Mart, the one-stop shop is the wave of the future for exchanges," he says. Others disagree. When Demandline CEO Patrick Burns founded his company this year, he made a calculated decision to offer only services. "Telephone carriers pay just one penny for a call and charge 10[cents]," he says...
...spirit of everyone in the media, I suppose I will have to mention the presidential elections. As I write this, everything's up for grabs-Florida, New Mexico, blue light specials at the local K-Mart-though it might be settled by the time this goes into print. One thing seems certain, though. The new president will probably have worse musical taste than the outgoing one. Just think about it. Clinton shares the last name as P-Funk lead George. Bush is just the name of a weak British band that wants to sound like it comes from Seattle...