Word: marteli
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ROBIN MUNRO, research director at the China Labour Bulletin, a rights-monitoring group, after Wal-Mart announced it would consider allowing unions in its 41 stores in China, something it has refused to do in any other nation, including...
...runaway smash alone would not solve the woes of the toy business. Toy stores see little Christmas cheer in tackling the big-box discounters Target and Wal-Mart, and many are shutting down. Since last season's brutal price war--led by Wal-Mart--KB Toys and FAO Schwarz have closed roughly 600 stores between them. Toys are increasingly merchandised as impulse items at drugstores, supermarkets and even coffee shops. Starbucks has sold loads of the Cranium board game. KB, operating under bankruptcy protection, says it will close 164 of its remaining 820 stores in January. FAO now consists...
...stores up for sale and plans to focus on its fast-growing and less seasonal Babies "R" Us stores. Buyout firms are circling--quite the comeuppance for a company once feared as the Darth Vader of mom-and-pop toy shops (a helmet now worn by Wal-Mart). Analysts expect dozens if not hundreds of Toys "R" Us stores to close next year--funneling more shoppers to the discounters where they can just as easily pop a Harry Potter DVD in the cart and scrap the toy altogether. To help keep Toys "R" Us afloat, manufacturers are supplying it with...
...sales occur in the fourth quarter, some analysts say it's too soon to call the year a bust. Retailers are stocking less toy inventory this season, which should help them avoid profit-killing sales. Recent price surveys suggest that Toys "R" Us is more competitive with Wal-Mart this year, and Wal-Mart appears to be devoting less shelf space to its Kid Connection private-label toys--good news for brand names like Mattel and Hasbro. A weakening buck may also translate overseas sales into higher profits when converted back into dollars...
...MARY-KATE and ASHLEY OLSEN were probably looking forward to their inaugural protest march--but not to having it directed at them. The National Labor Committee took the twins to task over maternity leave-- or, rather, the lack of it--for the women in Bangladesh who sew their Wal-Mart clothing line. The school newspaper suggested the student government censure the celebs, and a march was organized. When presented with a pledge guaranteeing pregnant women time off, the stars quickly signed. The Olsens' names were removed from protest banners, but the march continued against Wal-Mart. As if understanding multivariable...