Word: marte
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...gourmet dinners to prevent spoilage. The U.S. military used it in Iraq to electronically search supplies and keep tabs on hospital patients. In Singapore and Helsinki DHL tested it in anticipation of tracking the 160 million packages it ships annually. And in Arkansas the world's biggest retailer, Wal-Mart, is telling its top 100 suppliers to put it on all cases and pallets by 2005, or else...
...rather have something that has some economic sensitivity to it. You would rather own a Merrill Lynch or a Morgan Stanley than you would a bank. Over the intermediate term, I like media stocks, like Viacom and Clear Channel, Univision. In retail, I like Target and Best Buy. Wal-Mart will be O.K. I like Citigroup...
...they allocate capital. [CEO Christopher] Galvin at Motorola is a horrendous allocator of capital. He wants to invent something like his grandfather; he's not running a business. The second thing is to try to get a feel for their internal systems, like General Electric and Wal-Mart...
Music retailing has traditionally been a fragmented industry of mom-and-pop stores. Guitar Center, however, is following the lead of retail giants like Wal-Mart. After raising $101 million in a 1997 IPO, Albertson and his co-CEO, Larry Thomas (himself a frustrated rock guitarist), went on an expansion run that included opening new stores at the rate of one or two a month and acquiring, in 1999, the Musician's Friend catalog for $48 million. In 2001 the company purchased a 19-store chain catering to schoolkids and beginners called American Music, and last year it opened...
...tough part will be maintaining the chain's hard-won brand cachet. That means keeping service levels high and stocking a $125,000 guitar that may take years to sell but gives shoppers something to drool over. "You'd never see Wal-Mart keep around merchandise just to help customers daydream," says Zackfia. But for Guitar Center, the very best customer is the one who's lost in the music...