Word: discounting
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Toys "R" Us faces quickening competition from such all-purpose discount stores as Wal-Mart and Target. Its bloated inventory system costs hundreds of millions of dollars each year. It must somehow cut costs while remodeling stores and bolstering employee training and service. And Toys "R" Us managers can only pray, as they do each fall but even more so this year, that among the new toys they have bought by the trainload are a few hits--the Tickle Me Elmos and Power Rangers--that will fill parking lots with minivans...
...will have to fight harder than ever for its slice of the profit. Wal-Mart's share of the $35 billion toy-retailing industry has grown from 10% in 1990 to 16% this year; over the same period Target's share has more than doubled, to 7%. The discount stores use toys as "traffic builders," attracting families with low prices on popular toys and then making higher profits on such items as clothing and appliances. "Wal-Mart and Target carry only the 50 or 100 hottest toys," says David Miller, president of the Toy Manufacturers of America. "Toys are only...
...still able to maintain his status as one of the top saxophonists in the world. Check out the Joshua Redman Quartet as they celebrate the release of their new CD, Timeless Tales. 8 p.m., Berklee Performance Center, 136 Mass. Ave., Boston, 876-7777. $29.50 to $24.50, $5 student discount...
...advice on how best to take advantage of these changes. If you have the time to do your own research and are comfortable with the Internet, you can learn everything you need to know there about personal finance and investing. You can buy stocks and mutual funds through a discount online-trading account, either at thestreet.com or through links to other investing sites through time.com/personal But don't let the low cost and convenience make you forget you're a long-term investor. If you lack the time or inclination to do it yourself, by all means seek...
...airlines' secretive and sometimes high-handed manner doesn't help. Passengers are routinely herded onto planes and only afterward told they must endure an hourlong air-traffic delay. Big discount fares are advertised widely, but prices seem to slide up and down with little explanation. Nor will the airlines reveal how many discount seats are allocated on flights (the number varies according to demand for the flight, with the goal of maximizing revenue). And the airlines have drained most of the spontaneity from the nation's leisure-time travel, with those money-saving but anxiety-producing "nonrefundable" fares, which require...