Word: fitched
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...Plato's Closet, which caters to teens, a computerized system in each outlet spits out prices for popular brands like Abercrombie & Fitch, Baby Phat and Seven. There's even a guide to help workers determine the age of, say, a pair of shorts from the Gap on the basis of the styling of the label. (Plato's won't take anything more than a year old.) Owned by the Minneapolis-based Winmark Corp., Plato's has opened some 200 franchises since 1999. The company rang up more than $100 million in sales in 2006 and plans to open 35 additional...
...second largest retailer in little more than a decade. Today H&M has 1,400 stores in 28 countries, including 114 in the U.S.; there it is still a small player, but its $687 million in sales last year has retailers such as Banana Republic, Wal-Mart and Abercrombie & Fitch all launching fast-fashion initiatives...
...same kind of corporate reinvention with more success. Archer Daniels Midland, the U.S. food-processing giant, has become a hot stock-market play as America's largest producer of ethanol, an alternative fuel. "The direction toward environmental issues is the right one," says Tatsuya Mizuno, an analyst with Fitch Ratings. But it's too soon for some CEOs to bet that going green will get them...
...food-processing giant, has become a hot stock-market play because it is America's largest producer of ethanol, an alternative fuel seen as a way to reduce U.S. dependence on oil imports. "The direction towards environmental issues is the right one," says Tatsuya Mizuno, an analyst with Fitch Ratings. But it's too soon for CEOs to bet their jobs on the expectation that going green will get them...
...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...