Word: kristiansen
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First, Norway's Ingrid Kristiansen rode the roar of the hometown aficionados to a 10,000-meter time of 30:59.42, a vast 14.36 sec. better than the old record. Next, Morocco's Said Aouita just out-dueled the U.S.'s Sydney Maree, shaving .01 sec. off the 5,000-meter record with his 13:00.40. Finally, Cram and Coe, 28, came onstage with eleven others for the classic confrontation to determine who would reign among the world's milers. Many experts, including Cram in his quiet, pleasant way, felt that the outcome was virtually certain. One possible question...
...plastic blocks; sales in Japan and the U.S. have been unexpectedly sluggish; and the company suffers from overcapacity in a low-growth industry. Trying to refocus on its core business, the 72-year-old company is even considering selling such assets as the Legoland parks. CEO Kjeld Kirk Kristiansen, grandson of Lego's founder, has had enough. He is handing the reins to Knudstorp, 35, a business economics Ph.D. who has been with Lego for only three years. His charge: to restructure the company and guide it back to profitability. Let the games begin. --By William...
...think Wal-Mart already sells just about everything, think again. Think PCs, ceiling fans, more fashionable clothing, gasoline and even cars. "Their goal is to have a 30% share of every major business they are in," says Linda Kristiansen, a retail analyst for UBS Warburg Equity Research. If there's no Wal-Mart store near you, just wait. If you shop at Wal-Mart, expect your store to get bigger or a new store to open even closer. The chain plans to expand from 3,400 U.S. locations today--half of them in the South--to a nationwide network approaching...
Sell a buck. Save a buck. Repeat. It's that cycle of high-powered logistics engineering and nickel-squeezing huckstering that remains retailing's most potent weapon. UBS's Kristiansen sees no reason why Wal-Mart, which has trounced the Dow over the past five years, will not sustain 15% earnings growth...
...stacked cartons so shoppers could see they got both machines for one price. Soon a message went to all other stores: Open a box. Sales began to move immediately. That cycle of high-powered logistics engineering and penny-squeezing huckstering remains retailing's most potent weapon. UBS's Kristiansen sees no reason why Wal-Mart can't sustain earnings-per-share growth of 15%. Scott, who earns less than most other Fortune 500 CEOs, was leaving a store not long ago when he stopped to chat with one of the many senior citizens who work as greeters. They...