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More Cuts for Woolworth A prime victim of Wal-Mart's success has been the Woolworth chain, which announced its second major reduction in size in two years. It plans to close 970 stores and cut 13,000 jobs. Some 400 of the shops to close will be the cheap general stores that made the Woolworth name famous (others will include Kinney shoe stores). After the closings, only 400 or so of the Woolworth five- and-tens will remain...

Author: /time Magazine | Title: NEWS DIGEST OCTOBER 10-16 | 7/21/2008 | See Source »

...Himalayan Tsangpo Ritual. The latest curiosity to emerge from the world apothecarium is based on sowa rigpa, or Tibetan traditional medicine, and is available at the Chi spas in the Edsa Shangri-La, Manila, and the Shangri-La Hotel, Bangkok. It will also be introduced to spas at the chain's upcoming properties in the Maldives, New York City, Paris, and Boracay in the Philippines...

Author: /time Magazine | Title: A New Rub | 7/17/2008 | See Source »

...sets in Kabul and the wail of the muezzin issuing from loudspeakers mounted on minarets calls the faithful to evening prayer, the fryer at KFC is being fired up for the evening rush. But Kabul Fried Chicken has little in common with the U.S. chain whose initials it copied: The chairs are a little too high for the tables, and the delights depicted in photographs mounted on the walls - big milkshakes, braised ribs, lattes - are conspicuously absent from the menu. The fare on offer is more egalitarian. Kebabs, pizza and, of course, fried chicken...

Author: /time Magazine | Title: A KFC to Give the Colonel Indigestion | 7/17/2008 | See Source »

...first question appears to have an easy answer. Most reports credit South Korean chain Red Mango with starting the trend when it began selling tart frozen yogurt in 2002, years before Pinkberry opened the first similar store in the U.S. Soon there were dozens of shops offering the treat, and as the market grew crowded, the competition grew fierce, with law suits and allegations of peddling unnatural "yogurt" flying between store owners...

Author: By Clifford M. Marks | Title: Fro-Down | 7/16/2008 | See Source »

...Jack Roney has seen it all before. He represented the Hawaiian Sugar Planters Association in Washington, D.C., from 1989 to 1996, but was laid off when mainland Hawaii, once the biggest sugar producer in the chain of islands, stopped growing cane. High production and transportation costs, as well as compliance with the state's strict environmental standards, had proved too costly, prompting the island's two sugar companies to depart. No industry replaced those jobs, and "it's been years trying to recover" from the loss, says Roney, now director of economics and policy analysis for the American Sugar Alliance...

Author: /time Magazine | Title: No Sugar for a Town's Bitter Pill | 7/16/2008 | See Source »

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