Word: marteli
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...Mart, which filed for Chapter 11 bankruptcy protection last week, announced on Friday that it was looking into internal accounting issues. The company offered no details. But the accounting getting closest scrutiny in the wake of Enron generally falls into three categories...
There are plenty of management shortcomings to blame for K Mart's bankruptcy. But the discount chain got a good shove from the Sept. 11 attacks--and from Enron. Here...
...Mart, an e-commerce Johnny-come-lately that's now topping the charts, says it has concentrated its energies not on duplicating a Wal-Mart store online but on finding ways for Walmart.com to complement the stores. For example, when a customer drops off a roll of film to be developed at the store, he can have the photos posted on the site, then log on to create a Hallmark card with one and frame and ship another--services not offered off-line. Starting next summer, you'll be able to buy tires at Walmart.com and go to the local...
...widowed neighbor of his mother's. He wore one every day. The women at his job-training program nicknamed him GQ. He grew a neat beard to look less threatening. He had interviews with every kind of business from messenger services to department stores including Macy's and K Mart but received not a single viable offer. The kinds of jobs he was most likely to get he couldn't take. Because of an old neck injury, he can't do heavy manual labor--a common problem among former inmates, who, because of their intimate history with violence and needles...
Meanwhile, Wal-Mart is looking for other markets to conquer. It would like to offer low-cost checking and savings accounts and other financial services in branches, managed by a division of Canada's Toronto Dominion Bank but staffed at least partly by Wal-Mart employees. Wal-Mart figures that perhaps 20% of its customers do not have bank accounts. It is trying to work its way around U.S. banking regulations that currently forbid entities such as retailers from running banks. That's where partner TD comes in. Who knows? Maybe K Mart will apply for a loan...