Word: gifting
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Dates: during 1990-1999
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...again--the time when city boulevards and student dorm rooms gain the peculiar glow of holiday lighting; the time when everything from our televisions to our radios becomes infected with the holiday spirit; the time when uncounted throngs of shoppers brave long lines in order to buy the perfect gift, or at least one that is merely good enough...
...have to spend at least two hours a week welcoming customers. Buy merchandise worth more than $100 during any weekend this holiday season at Banana Republic's main branch in San Francisco and the store will provide you with a lift home. Want to avoid the hassle of Christmas-gift buying altogether? Seattle-based Nordstrom's will give you a personal shopper, who will make selections while you sit in comfort and watch...
...personified the mantra of "think globally, act locally." You can't get any more local than Estee Lauder's turning up at Saks on a Saturday, showing the sales staff how to give customers personal attention and a free gift. The latter promotion, by the way, proved to be a work of utter genius. Now an army of young women and men, exquisitely turned out and properly trained, do the same in every department store that's worthy of the brands...
Over the decades that followed, the way America worked and lived changed profoundly, and Walton found himself at the center of much of that change. He possessed a gift for anticipating where things were headed, and he probably understood the implications of the social and demographic currents that were sweeping the country--especially outside its cities--better than anyone else in business. That acumen hastened his rise from humble proprietor of a variety store in the little Delta cotton town of Newport, Ark., to largest retailer in the world and richest man in America...
...ravenous quest for investment data would not be sated by print alone, a vacuum exploited brilliantly by Michael Bloomberg. Pushed out of Salomon Brothers in 1981, he invested his $10 million farewell gift in building a computerized data service that he turned into a global news service. Today 105,000 Bloomberg terminals light up the desks of banks and brokerages, and the company has expanded into magazines, TV and radio. Bloomberg's media churn out information about interest rates, currency-exchange rates and other streams of data that would have been considered exotic not long...