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Elfers started down the long road of repositioning the brand four years ago. A typical department store with 250,000 sq. ft. (about 23,000 sq m) can leverage its large size to get deep discounts on volume purchases. Lord & Taylor's petite 120,000 sq. ft. (11,000 sq m, aside from its New York store) made it tough to compete on promotions, price or depth of merchandise. So Elfers went smaller. In 2003 she closed 32 underperforming stores and then six more before the company's 2006 sale, placing the brand in higher-end markets. The profitable East...

Author: /time Magazine | Title: Studying the Classics | 9/21/2007 | See Source »

...slab of metal bearing the restaurant's name, but with no address or other details enclosed) summoned hundreds of what one would only describe in kindness as "VIPs" to the Landmark commercial complex to toast the new branch of Rainer Becker's Knightsbridge restaurant in a suffocating, five-deep-at-the-bar ordeal. How lovely, then, to return to Zuma some months later and realize that it is not a claustrophobic hellhole of anemic heirs and glassy-eyed "It" girls: it is, in fact, a highly inviting venue with plenty of light and elbow room, serving spectacularly fresh and creative...

Author: /time Magazine | Title: Hong Kong's Zuma Nights | 9/20/2007 | See Source »

...movie can be seen as political, and Yuma has subterranean references to the Iraq occupation. As Fonda notes, "Christian Bale's character comes home from the war, inflicted with a disability beyond the loss of a limb, a deep psychological wound. It's safe to say the audience isn't watching this movie, with its mindless gunplay and out-of-control gangs, and going, 'Holy cow, that's Baghdad!' But those themes are there. A western can talk about today in the past tense...

Author: /time Magazine | Title: Too Tough to Die | 9/20/2007 | See Source »

...chief with a knack for being in the right place at the right time (not only at the Fed: as a young man, he studied music alongside future saxophone great Stan Getz, learned statistics from the guy who devised the Index of Leading Economic Indicators and thought his first deep thoughts at the personal prodding of philosopher-novelist Ayn Rand...

Author: /time Magazine | Title: It's Not His Economy | 9/20/2007 | See Source »

...right into the Iranian President's hands. He faces growing unpopularity at home, thanks to a dire economy and mounting religious and cultural repression. But his power base is made up mainly of Iranians who participated in the 1979 revolution, among whom the loathing of the U.S. runs very deep. Nothing energizes them more than the sight of their leader being excoriated by the hated Americans...

Author: /time Magazine | Title: Ahmadinejad's Ground Zero Ploy | 9/20/2007 | See Source »

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