Word: boote
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...York City voters sent a clear signal when they elected Rudy Giuliani mayor last month. The former U.S. Attorney's campaign included proposals to boot the homeless out of shelters after 90 days and rescind the city's unique, state-imposed decree to provide emergency shelter for anyone who asks for it. Generosity is clearly ebbing. Soup kitchens and food banks across the country report a drop in donations by as much as 40% this Thanksgiving. Sometimes the backlash expresses itself in ugly ways. Last month a homeless man in San Francisco was critically injured when attackers doused him with...
RETAILING: Timberland Gives Nike the Boot...
...Give Racism the Boot." That politically correct advertising slogan, combined with environmentally conscious products, has turned Timberland Co. of Hampton, New Hampshire, into a hot marketer and a torrid stock. With customers from suburban professionals to inner-city youths clamoring for its rugged boots and outdoorsy apparel, Timberland last month reported the strongest third-quarter sales and profits in its 20-year history...
...company is the happy beneficiary of a fashion shift: Timberland's classic waterproof boot has replaced Nike's Air Jordans as the look of choice for youths and young adults. And shoppers who come to retailers looking for Timberland's best-selling Weatherbuck waterproof casual shoes ($99) can also buy garments like men's full-length leather overcoats ($1,100) with the Timberland label...
Wall Street, which loved the Timberland stock as much as consumers loved the Timberland look, had sent the share price up fourfold since January. (At the same time, the boot trend kicked Nike stock down more than 40%.) But last week Timberland stock dropped from 83 1/4 to 71 5/8 in two days before closing the week at 73. A report in Barron's suggested that the stock was overpriced and noted that Nike and other sneaker makers were rushing out their own lines of rugged footwear...