Word: appareled
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...Bentonville. To help offset losing the advantage of logistics abroad, and to increase its pricing power at home, Wal-Mart has decided to use its mass to become a better global buyer. The company is reaching farther back into the supply chain to source products such as hardware and apparel that it now buys from outside vendors and importers. "We realized that as we continue to expand internationally the need to leverage international and domestic buying power was key, and the only way to do it effectively is to do it ourselves," says Ken Eaton, who heads global procurement...
...global network, and its gains might have set off a consolidation spree. Last week, Morrisons, the U.K.'s fifth-largest chain, launched a takeover offer for Safeway, the fourth-largest. ASDA could join the fray. ASDA is making its mark on Wal-Mart, too. ASDA's George brand of apparel is one of the most popular private-label lines in Britain, generating sales of around $1.6 billion in 2002, and Wal-Mart recently launched it in the U.S. "We're selling apparel anyway," says Claire Watts, Wal-Mart's fashion boss. "Would it kill us to be a little more...
...advice of most travel experts boils down to two words: Ziploc bags. If you don't want a TSA employee handling your intimate apparel and your toothbrush, put them in a sealable clear plastic bag. The fastidious may want to put everything - individually - in clear plastic bags. And those who value their belongings need to make a complete list of items and their value, because the TSA does not yet have a formal policy for handling claims of damage or theft, although it does have a complaint line...
...born entrepreneur, Berman first revealed his flair when he turned the family wholesale-leather business into the nation's largest retailer of leather apparel, now known as Wilsons the Leather Experts Inc. But Berman's true passion is gambling: he has won three national poker titles, and is a member of the Poker Hall of Fame at Binion's Horseshoe in Las Vegas. At a poker table, Gaming magazine once wrote, Berman plays "with the insight of a psychiatrist and the determination of a club fighter...
...identities are often secret, as are their financial arrangements and their share of the revenue. Whatever else Congress had in mind when it passed the regulatory act, presumably the idea was not to line the pockets of a Malaysian gambling magnate, a South African millionaire or a Minnesota leather-apparel king...