Word: giant
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Dates: during 1990-1999
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...even as Spiegel has jumped into the electronic world, other giant retailers have not. Sears, for instance, is taking a more cautious approach. Though it put a catalog of Craftsman tools online last fall, it isn't rushing to build a webstore. "We think it has to be a profitable channel for plans to add any new merchandise for sale," says Paula Davis, a spokesperson for the retailer. But is Sears missing an opportunity? It has already missed Lisa Fontes, a 36-year-old Massachusetts psychologist who went to sears.com last month hoping to buy a freezer. The Sears site...
Barnes & Noble has been an object lesson to the rest of the retail world, where everyone seems to have a Net commerce story these days. "In many ways this is what we've been doing for nearly 100 years," says Randy Heiple, vice president of advertising production for catalog giant Spiegel Inc., which ventured online in 1995 and has been ravenously growing ever since. Today the Net accounts for less than 5% of the Spiegel catalog's overall sales, but that share has grown fivefold or more in each of the past three years; sales and circulation of Spiegel...
...stock and then sell it in the expectation that its price will drop--have been furiously buying back shares in recent months to cut their losses as the stock goes up. But such panicky buying only serves to raise prices higher still. So do hopes that a FORTUNE 500 giant will pour big bucks into an Internet company. Disney did just that last month when it acquired a 43% stake in InfoSeek, the third largest Internet search engine, in a widely watched transaction that valued Infoseek at more than $1 billion...
WASHINGTON: The defense industry is now as consolidated as it?s going to get. Succumbing to fierce opposition from both the Department of Justice and the Pentagon, aerospace giant Lockheed Martin threw up its hands Thursday and abandoned its planned $8.3 billion acquisition of Northrop Grumman. The lesson: Don?t fight the Pentagon ?- that?s what it does best. After giving its blessing in 1993 to consolidation and ushering in a feeding frenzy of takeovers and mergers, the Pentagon decided that enough was enough, and it would accept nothing less from Lockheed than complete surrender...
...online stock trading service E*Trade got a big boost Friday afternoon when the giant Japanese software distributor Softbank announced it was investing a fresh $400 million in the upstart brokerage. Forget Kleiner Perkins -- the Tokyo-based Softbank is the real kingmaker when it comes to anointing web frontrunners. The investment raises Softbank's stake to 27% of E*Trade, and matches the company's large ownership interest in other web winners like Yahoo (31%) and Geocities (35%). Softbank also owns more than 70% of electronics publishing giant Ziff-Davis...