Word: retailers
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There's a catch, though. No one can convincingly explain exactly how the crime problem was solved. Police chiefs around the country credit improved police work. Demographers cite changing demographics of an aging population. Some theorists point to the evolution of the drug trade at both the wholesale and retail levels, while for veterans of the Clinton Administration, the preferred explanation is their initiative to hire more cops. Renegade economist Steven Levitt has speculated that legalized abortion caused the drop in crime. (Fewer unwanted babies in the 1970s and '80s grew up to be thugs in the 1990s and beyond...
...TRADE's lower pricing will reduce retail brokerage earnings by about 10% and overall earnings by 1 cent a share in fiscal 2011, according to Hecht...
Dimitris, who owns a small retail operation, admits he cheats on his taxes. He says he only submits tax invoices for roughly half of what he sells - about $17,000 of the $34,000 he takes in every year - and pockets the 19% sales tax he collects on the rest. When he files his income tax return, he declares only the revenue for which he has issued receipts. The system works because further up the chain his suppliers only declare half of what they sell him, and further up still, someone brings many of the goods into the country without...
Even Cardinal's cash cow, its drug distribution, had begun to fall behind. Nearly half of the company's customers are national retail chains, including Walgreens and CVS Caremark. While these contracts assure a steady flow of capital, the margins on them are razor thin. Losing just one client could be catastrophic...
...this renewed vitality should help Cardinal boost the competitive advantages it does have. After the CareFusion spin-off, the company reorganized its retail-franchise model, Medicine Shoppe, and strengthened its nuclear-medicine program. It also continues to leverage its unique $8.2 billion medical-supply arm, under which Cardinal manufactures and delivers equipment like surgical gloves, scrubs and gowns to thousands of hospitals and labs. "If you're already dropping off gloves at a hospital, why not also bring along drugs or radioisotopes?" Deutsche Bank analyst Ross Muken says. "The scalability here is huge...