Word: chains
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However, not much prevention has happened since 1988. Variations on a simple chain reaction - where pilots fly without instruments in low visibility or at night, lose their bearings or make bad decisions, and crash into terrain - caused 80% of all helicopter-ambulance accidents reviewed by the Congressional Research Service in 2006. "The same accidents keep happening over and over," says Stacey Friedman, founder of Safemedflight.org, which advocates for crash victims' families. Her sister Erin Reed was a nurse who died in a medical-helicopter crash in Puget Sound...
Talbots The specialty clothing retailer, which targets women over 35, has run out of steam over the past year. Talbots' same-store sales were down 13.9% in the third quarter of 2008, and the chain lost $14.8 million during that time. "They look dead in the water," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail-consulting and investment-banking firm...
Jamba Juice It's not a great time to sell discretionary items. It's an even worse time to sell very discretionary items. Do you really need that fruit smoothie? Apparently not: Jamba Juice, the fruit-drink chain, lost $108 million in the first 40 weeks of 2008, compared with a $36.7 million profit during the same period in 2007. Same-store sales dipped 7.2%. In December, Jamba stopped shipping ready-to-drink smoothies to grocery stores because of production difficulties. "They still don't know who their core customer is," says Brian Moore, an analyst at Wedbush Morgan. "They...
...particularly harsh and where unemployment is at a 15-year high. Jamba announced plans to cut $25 million in costs for 2009, while opening 50 franchise outlets at colleges, airports and malls. To spark sales, the company has introduced oatmeal to its breakfast menu. Can that lift a struggling chain? Unfortunately, you probably shouldn't bet on it. These days, who has enough money for oatmeal...
...might seem risky to open a new, untested store at a time when U.S. toy retailers are suffering (KB Toys, the second largest U.S. toy chain behind Toys "R" Us, filed for bankruptcy in December). But Mattel is opportunistically positioning itself to thrive, not merely survive, in a tough environment. Today, two-thirds of Barbie sales come from 150 foreign markets; international sales increased 12% in 2007, even as U.S. sales sagged by 15%. "What we're doing in Shanghai is an indication for the future of the Barbie brand," Dickson says. Mattel is already planning similar stores in Brazil...