Word: crowded
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When the retail world's bright lights gathered Jan. 15 at investment bank Financo's annual dinner in New York City (a can't -miss annual event for the apparel crowd), the gossips, according to Fortune.com, had one juicy no-show to chatter about: Where was Gap CEO Paul Pressler? Fashion insiders had been numbering Pressler's days for months. And sure enough, after nearly two years of limping sales and yet another holiday season in which the Gap's big idea (more hoodies?) drew yawns from shoppers, Pressler agreed a few days later to step down...
...this company be saved? Why not? Retailing is full of 360° turnarounds. Wall Street darling Abercrombie & Fitch, for example, was once an afterthought unit of Limited Brands but spun itself off and repositioned itself as the hottest label for the teen crowd. Even once dowdy JCPenney reinvigorated itself by hiring a smart merchandiser, Vanessa Castagna, as executive vice president and giving her the freedom to remake the brand. "She helped make Penney's cool, and the Gap needs to be cool," says Chen...
Sitting cross-legged on pillows that they had brought from their hotel rooms, the crowd of 700 neatly dressed middle-aged and middle-class couples were mesmerized by the tall, slender, blond woman in front of them. Dressed in a starched white Oriental tunic over gray sweat pants and sneakers, J.Z. Knight, 40, sat on a makeshift stage in a sturdy armchair surrounded by a veritable garden of lavender flowers. Her voice, almost preternaturally husky, seemed to take on a gamut of accents from European to Indian as she spouted a relentless stream of imperatives about self-reliance...
While serving in the Congo in 1960, at the beginning of his foreign service career, Frank Carlucci was a passenger in a car that struck and killed a bicyclist. The driver took off, leaving Carlucci facing an angry crowd. There was some pushing and shoving, and before he could be rescued, Carlucci ended up with a knife in his back. Thus when he was appointed last week as President Reagan's new National Security Adviser, Carlucci became the first man to have been stabbed in the back even before he assumed that highly exposed post...
...agents, but has yet to sign with any of them or make any binding decisions about how and where he will play next. For now, the graduate is focused solely on his last chance to make an impression upon college basketball, scouts, his coach and teammates, and the home crowd (which will be populated by several family members, including a Grandfather who has yet to see Cusworth play at Harvard). That last chance, of course, is the games against Yale and Brown. “I don’t have Monday practice, I don’t have another...