Word: depotism
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Managers must make sure that every employee understands the basic building blocks of how his or her business works. Here's an example. Last summer Bruce Nelson took over as CEO of Office Depot, the world's largest seller of office supplies. In analyzing the fundamentals, he quickly discovered that gross margin and inventory velocity were slipping. Not good...
...down, things have become distorted," says Lisa Kurbiel, a child-protection officer with UNICEF. What was a custom has become an organized trade, with children being taken as far away as South Africa and the Middle East. Closer to home, they end up in such places as the labor depot in central Abidjan, which offers young girls--most of them from villages in the north of the country--as servants for a few dollars a day. One morning last week, 30 girls in dresses or skirts and freshly laundered shirts sat chatting on two wooden benches in front...
...telecom analyst Jeff Kagan, "looking for someone to throw them a life preserver." By the end of the year, many carriers may be offering unified audio messaging (Would you like to hear your e-mail, voice mail or faxes?) or enhanced directory assistance (Driving directions to the nearest Home Depot, anyone?). With the help of location-sensing technology like embedded gps chips in cell phones, you won't even have to explain where...
...from a year ago, according to the International Council of Shopping Centers. Sears has moved its after-Christmas sale to the week before, urging shoppers that this is "no time to fool around." Everyone from the Gap and Victoria's Secret to Circuit City, Wal-Mart and Home Depot is feeling the pain. Even online shopping isn't growing as fast as expected. Last week eToys announced its sales were lower than expected and it may run out of money in the spring. "For the consumer," says Richard Berner, chief U.S. economist at Morgan Stanley, "the negatives are beginning...
...Shares of Home Depot fell owing...