Word: marteli
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...week in San Francisco as a nurse. She's planning a long-delayed visit to the dentist and the purchase of a new set of tires. But with $40,000 in student loans, "I'm not going to go out and buy a flat-screen TV," she says. Wal-Mart and Target both reported declines in sales growth in June. A drop in consumer spending, which accounts for two-thirds of the economy, could slow the recovery. "We're watching that very carefully," says Duncan Meldrum, president of the National Association for Business Economics. "I'm hoping this is just...
Quinceanera festivities, which have roots in Aztec and Catholic traditions, have been around Latin America for centuries, but as the number of Latinos in the U.S. has grown (there are currently more than 35 million), such celebrations have become more commercial and more mainstream. Wal-Mart now stocks budget quinceanera gowns in 200 stores in 30 states, and the David's Bridal chain has dresses made exclusively for the market. Royal Caribbean offers seven-day quinceanera cruises out of Miami (at $850 to $1,200 a head), which are booked solid into next year. This fall the company will offer...
...once popular Milwaukee beer. In the first quarter of 2004, Miller's volume grew a healthy 3.4%, while sales of its flagship brand and main profit driver, Miller Lite, have grown 18% so far this year. "A-B is a mean machine, with the competitive power of a Wal-Mart or a Microsoft. We can't overthrow the competition, so we have to restore the concept of choice in the marketplace," says Adami, whose stocky frame is well suited to his onetime passion, playing rugby. "Our mission is to be a strong...
SUITS: Wal-Mart's gender...
Even a whopping settlement is unlikely to hobble Wal-Mart, which rang up $9 billion in profits for the latest fiscal year. Nonetheless, its bottom line is likely to be redrawn by the suits. The sex-discrimination case alone could result in a multibillion-dollar settlement, says plaintiffs' attorney Joseph Sellers. Wal-Mart's reputation as a harsh employer, along with concerns about unfair competition, has spurred communities in Chicago, Dallas and Inglewood, Calif., to block construction of new stores. The outcome of the cases, thanks to the retailer's prominence, could affect how companies all over the world treat...