Word: kmart
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Dates: during 2000-2009
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...Susan Porjes, a retail analyst based in Honolulu, Hispanic parents spend a higher percentage of their income on children's clothing than other ethnic groups do. That helps explain why Target has licensed characters from the Nickelodeon show Dora the Explorer (whose title character is Latina) and why Kmart has signed the Mexican pop singer Thalia to develop a line of clothing...
Before she was ever an icon or a punch line, a media mogul or an accused felon, Martha Stewart was a person who would stand her ground, no matter what. In 1987, when Stewart was negotiating with Kmart for the licensing deal that would turn her into, literally, a household name, she was just a popular cookbook author--"a nobody," says Paul Argenti, who worked on the project as a consultant to Kmart's CEO. Nevertheless, she stood up to Kmart's top executives, who wanted her to take an exclusive deal with the Lifetime cable channel to help promote...
...cases, yes. "If you're shopping where you expect the rock-bottom price, they're just not going to be able to afford to put a bright, well-informed sales associate in front of you," says consultant Jim Dion of Dionco, based in Chicago. High-volume stores such as Kmart and Target hold prices down in part by keeping payroll expenses low, generally less than 5% of sales. Stores like the Gap or Abercrombie & Fitch may spend double that. But even at discount king Wal-Mart, "associates have always been taught that they should smile and make eye contact," Dion...
Most investors will appreciate Buffett's generalship of the battle for stronger measures to restore corner-office accountability and stock-market confidence. His penchant for keeping things simple is legendary, and the need for reform remains acute. Just last week two former executives at Kmart were charged with manipulating earnings (their lawyer says the prosecution is "wrong and unjust"), while Dutch retailer Ahold owned up to faulty bookkeeping at a U.S. subsidiary and restated the past two years' earnings, slashing them $500 million...
...Latin songstress Thalia will launch a lacy, rhinestone-studded clothing line at KMART in July...