Word: flagship
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Dates: during 1990-1999
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...Lauren says his difficulties are onetime events caused by a new inventory system and delays in opening some new flagship stores. The company's inventory bloated 36% last year because it lost track of sales. As a result, Polo/RL had to take huge markdowns that will be a drag on profits into this year. The company says its wholesale business--the amount of goods shipped--is still up 14% and that department-store sales are strong...
Analysts don't seem to want to hear about it. They look at Polo/RL as a high-cost operator, a dandy living beyond its means. The company's seven flagship stores--the latest, a 37,000-sq.-ft. monument to fantasy and finery on Chicago's Michigan Avenue--are money pits. Lauren says the analysts miss the point: the flagships succeed as marketing beacons. Nevertheless, sacrifices had to be made to the Street. Last month Polo/RL announced a restructuring, laying off 5% of the work force and shutting nine outlet stores. Is that enough of a (suede calfskin) belt tightening...
According to Siegel, the move to New Jersey's flagship public university was motivated by a realization that tenure is virtually impossible to receive at Harvard as well as a desire to be closer to his wife, who works in New York City...
...course, we've seen most of this before -- the rocking back and forth, the quibbling over the meaning of e-mail, the bold assertions that the company's own genius CEO doesn't know how much market share his flagship product commands. And now that we've seen the good parts, will anybody care about the rest? Maybe the flacks should rest easy. Forget Fox. C-SPAN 2 is more like...
...Central Square's McDonald's, for instance,Harvard Square boasts the flagship Au Bon Pain...