Word: erickson
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...retail business, charged with giving stores a graceful exit from this earth (at 60% off!). And when they tell strangers what they do for a living, it's sometimes hard to do it with great gusto. "'Liquidator' sure has a negative connotation, doesn't it?" admits Paul Erickson, CFO of the Great American Group, one of the largest liquidation firms in the country. The wife of Jim Schaye, CEO of Hudson Capital Partners, another major liquidator, didn't want her husband to broadcast his career when they first met. "She thought people would think I'm a vulture," he says...
...Things have all shut down. KB Toys, the second largest toy retailer behind Toys R' Us, and Boot Town, a Western clothes outfitter, are running liquidations now, along with Circuit City. Look for more to come. Schaye says Hudson Capital's revenues increased tenfold in 2008. According to Erickson, the Great American Group saw a 300% revenue jump in 2008. He predicts similar growth for the first three months of this year. "The numbers are higher than we ever could have imagined," Erickson says...
...they let the $1,300 plasma TVs sit at 10% off? They won't tell the customer, of course. The Great American Group wants you to buy, now, before it's forced to move the discount down to 20%. The customer also has to make some bets. For example, Erickson, the Great American CFO, worked on the liquidation for the Montgomery Ward department stores a few years back. He gave himself a 30% off threshold for a backyard shed. Once the sale dropped that far, he would jump. But all sheds were gone from the store...
...speak Dutch, but we think the name means cute," says Kuala Lumpur native Jenny Chong, 32, who, along with friends (and former McCann Erickson advertising-agency colleagues) Jessy Yap and Samantha Wong, both 26, runs Mooie, the funkiest fashion destination in the Malaysian capital. On display is a wide range of Asian fashion labels, along with bandbox-striped changing rooms and blackboard walls on which the trio chalk up monthly messages informed by their design backgrounds. "We like to be creative in everything we do," Chong says...
...Alaska (her approval rating at home is still in the 60s despite her turbulent autumn) wouldn't change the fact that Murkowski, whose approval rating was 63% in a March survey, would be a formidable opponent. "Palin would have a hard time winning" the GOP primary, says Gregg Erickson, editor at large for the Alaska Budget Report. Don Mitchell, a Democratic attorney and historian, calls Palin an instinctive politician whose talents rival Ronald Reagan's, and he thinks she could beat Murkowski - but he predicts that Palin would find the Senate a poor fit for her disposition. "She'd have...