Word: asda
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...failure" that has really fueled the fat-cat fuss in Britain. Just as in the U.S., where revelations of corporate piggery last year triggered a populist backlash, Britain's shareholders are asking why they should subsidize the opposite of success. Says Tory M.P. Archie Norman, former chairman of the ASDA supermarket chain, "When time after time, directors walk off with wheelbarrowloads of cash after presiding over declining share prices while shareholders get nothing and employees are made redundant, there is the perception of one rule for the privileged few - who get paid a lot anyway - and another for everyone else...
...exhaust smells like french fries) and nail them for tax evasion. And while diesel cars can run well on such oils--so long as all the glycerin, water and other contaminants have been removed--the homemade stuff can gunk up an engine. Meanwhile, British foodmakers like Wal-Mart subsidiary ASDA have started to team up with refineries to turn used cooking oil into legitimate biodiesel fuel, which creates 79% less carbon dioxide than regular diesel. This year ASDA will test its refined waste oil in delivery trucks pluckily labeled THIS VEHICLE IS POWERED BY CHICKEN...
...ASDA, the British chain Wal-Mart bought in mid-1999, the company was selling men's jeans for about $24 after paying $14 per yd. for 50,000 yds. of material to make them. Then the buy was moved to Bentonville, and the conversation went something like, "We'd like 6 million yds., please. Now what's your price?" Try $4.77 per yd. As a result, ASDA slashed its retail prices in half and upped its annual jeans sales to 1 million, from 174,000. ASDA is acquiring some 2,000 products from Wal-Mart's global network...
...traffic is not all one way. ASDA's George brand of apparel is one of the most popular private-label lines in Britain, 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 up to date?" Designers from ASDA and from Wal-Mart headquarters now go on trend-spotting trips together, an exercise associated more with hip brands like Nike, and one that sounds perilously outside Wal-Mart's core competency. Watts insists that her group isn't trying...
...ASDA the company was selling men's jeans for about $24 after paying $15.31 per meter for just over 45,000 meters of material to make them. Then the buy was moved to Bentonville, and the conversation went something like, "We'd like 5.5 million meters, please. Now what's your price?" Try $5.21 per meter. As a result, ASDA slashed its retail prices in half and upped its annual jeans sales to 1 million, from 174,000. ASDA is acquiring some 2,000 products from Wal-Mart's global network, and its gains might have set off a consolidation...