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...risen over 40% since mid-February. "For us, the world is our oyster," Gary Philbin, Dollar Tree's COO, said at a recent analyst presentation. "With other folks canceling deals or cutting back, Dollar Tree is still out there to take advantage and we can move quickly." (See 10 big recession surprises...
...forces assembled against print media scored a big scalp on Monday when Condé Nast announced that Gourmet magazine was finished. The 68-year-old foodie look book will close after the publication of its November issue, although the title will live on in books and on TV shows and some of its content will be folded into Epicurious.com...
...says Reid. Boosting the number of stores may help it steal market share from its chief competitors, Dollar General and Family Dollar, which have also done well in the recession and have significantly more stores than Dollar Tree (around 8,500 and 6,500, respectively). Dollar Tree touts one big advantage over these rivals: unlike Dollar General or Family Dollar, none of its products are priced higher than a dollar. (Read "Walmart vs. Target: No Contest in the Recession...
Condé Nast, part of the privately held Advance Publications, has long prided itself on its luxury magazines, and has reportedly been willing to sustain big losses to maintain its image as the ne plus ultra of wealthy readership. Many speculate that the parent company's newspaper holdings, including such distinguished titles as the Cleveland Plain Dealer and the New Jersey Star-Ledger, propped up the magazine empire. But newspapers are no longer reliable golden geese, and Condé Nast recently called in a management consultancy to see how its business could be streamlined. (Read "Portfolio's Flameout...
While Los Angeles-based Bon Appétit survives, its future is not all tarts and champagne. Upstart magazines from big names including Rachael Ray and the Food Network are making the ad market more competitive. And CEO Townsend warned that every magazine will have to shave its budget...