Word: comped
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Dates: during 2000-2009
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...particularly bad because of consumers' growing boredom with Frappuccinos, which make up about 15% of sales, according to UBS analyst David Palmer. Then, in the quarter ending in September, traffic at established U.S. stores fell 1%, the first drop ever. The next quarter, traffic dropped again--down 3%--and comp-store sales fell 1%, the first time Starbucks had ever swung negative...
...swiftly. On Jan. 30, he announced that Starbucks would close 100 underperforming stores and curtail U.S. store openings to about 1,175 in 2008, down 34% from the prior year. The breakfast sandwiches were toast in North America. To get focused on the long term, it would stop reporting comp-store sales to Wall Street. Then, at the March 19 annual meeting, the company laid out its initiatives to reinvigorate the "coffee experience." Some of the projects had been kicked around, but with Schultz back in the CEO chair, everything started to get done more rapidly. "The rate at which...
...Simpsons” writing staff, including Conan O’Brien ’85. Reiss first became aware of O’Brien’s talent when a friend from the Lampoon called him to describe an incredible member of that year’s comp class. Since then, Reiss has remained in touch with the “Late Night” star, whom he describes as “never not funny.”Reiss denied that the Harvard connections with “The Simpsons” have led to an excessive fascination with...
...time needed for this integration often becomes a rare luxury for students at Harvard, where life can feel like a never-ending cycle of problem sets, response papers, and incessant comp processes. The lower the time commitment, the more appealing extracurricular activities can be—especially in the case of social service...
Sororities claim to offer the kind of sisterhood present only nominally in other all-female campus groups. Rushing a sorority is a completely open process: there’s no comp, girls from every year are welcome to start the process without officially applying, or needing an exclusive invite, as for a female final club. By attending events, PNMs are ostensibly eligible for consideration by any of the three sororities involved in the Panhellenic counsel and get to express their preferences late in the rush process. Sorority girls often cite this process of mutual selection as part of what makes...