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Analysts caution that the winners on Black Friday will not necessarily be the champions on Dec. 31. Tom Stemberg, former CEO and founder of Staples, and now managing partner of the Highland Consumer Fund, sees no correlation between Black Friday sales and a retailer's ultimate success or failure over the holiday season. "Black Friday sales are about as meaningful as Groundhog Day is to the weather forecast," says Stemberg. "What happens is every retailer blows his brains out with these door-crasher deals trying to generate traffic...
Italy's influential Northern League Party has stood out over the past decade for its particular knack in finding new (and not-so-new) ways of offending people based on country of origin and color of skin. In 2003, Umberto Bossi, founder of the party, which once espoused separatism, told an interviewer that police should open fire on the boatloads of undocumented Africans arriving on Italian shores, calling the would-be immigrants "bingo-bongos." Other Northern League pols have proposed everything from separate trains for immigrants to banning the building of new mosques and even prohibiting the serving of kebabs...
...more than 50,000 retail outlets. Sales fluctuated by region, with the West scoring the biggest increase at 4.7%. This was followed by the Midwest, where sales rose 1.3%, and the South, which posted a 0.6% gain. The Northeast took the biggest hit, with sales tumbling 4.9%. ShopperTrak co-founder Bill Martin reiterated his earlier projection of a 1.6% sales increase for 2009's holiday season...
...clients to create new products, eschewing fees in exchange for a piece of the action. London agency Erasmus and Coca-Cola jointly developed an energy drink called Relentless that is being rolled out globally. "It's all about shared risks, shared rewards, shared ownership," says Graeme Dignan, Erasmus co-founder. (See business bucking the recession...
...Prechter joined Merrill Lynch in 1975 to do technical analysis, also known as chart-reading - the search for patterns in the movements of securities. The most famous of technical approaches is Dow theory, a rough model of market waves originally described by Wall Street Journal co-founder Charles Dow at the turn of the 20th century and refined and popularized in the subsequent decades by Journal editor William Peter Hamilton. Prechter studied Dow theory but soon moved on to the mostly forgotten work of Ralph Nelson Elliott, an accountant who, while bedridden in the 1930s, charted stock-price movements...