Word: marte
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After the year she's had, Martha Stewart could use some Christmas cheer. In the wake of her insider-trading scandal, she stopped appearing on CBS's The Early Show, resigned from the board of the New York Stock Exchange and saw her face removed from K Mart's holiday ads. But, overall, the season seems to be treating her well. K Mart says sales of Stewart's Everyday line of linens and housewares are up this year, and her new line of holiday wares--ornaments, wreaths, lights--is off to a fast start too. "People are separating Martha Stewart...
...those of you who don’t know—primarily the hyper-urbanized hipsters who’ve never been in a Wal-Mart or Toys ‘R’ Us—this past holiday weekend featured that ubiquitous post-Thanksgiving materialistic orgy known as “Black Friday.” Thanks to the department stores and shopping center kiosks’ generosity, for one blissful day prices on almost everything are reduced more than 50 percent from their usual 75 percent markup...
...home-electronics market. Since Apex introduced its first model in early 2000, for $179, the price of DVD players has plummeted. Apex, based in Ontario, Calif., remains a low-price leader, with its basic units now selling for about $59 at large retailers like Circuit City and Wal-Mart. The fledgling company has captured 15% of the market, making it No. 1 in units sold this year, surpassing Sony and Panasonic...
...also widely believed that increased productivity will lead to permanently high unemployment. Economic theory (and a preponderance of historical evidence) suggests that unemployment is only a temporary consequence of reform. Higher productivity leads to lower prices, which spurs increased consumption, which requires increased production?and more jobs. Wal-Mart, for example, wiped out the American equivalent of the Nakamura store?to nationwide hand wringing?throughout the 1980s and 1990s; unemployment is lower in the U.S. today than it was then, and at 5.7% is lower than Japan's unemployment rate is now. Since 1990, according to the Japan Productivity Center...
Lowdown: Wal-Mart is still testing the service--sign up now and get a month free--and may cap the number of subscribers...