Word: martelis
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...will be the biggest wedding day ever," says Carley Roney, editor in chief of The Knot. "Even more than the millennium." It certainly helps that the luckiest day of the century happens to fall on a Saturday, right after the Fourth of July. In fact, when Wal-Mart saw how popular the day was, it decided to host a contest where seven couples will win an all-expenses-paid wedding held in their closest Wal-Mart Super Center lawn and garden area...
...small and unreliable selection of goods. But now some of India's biggest companies have begun opening the first of what they say will be thousands of flashy new supermarkets across the country in the next few years. At the same time, foreign retail chains such as Wal-Mart and Carrefour are pressing to enter the market through joint ventures and by lobbying the government to change protectionist laws so they can set up wholly owned chains. The opportunities are immense. The McKinsey Global Institute, a think tank, estimates India's retail market will be worth $1.52 trillion...
...struggle. While the national coalition government in New Delhi says it is committed to reform as a way of helping farmers boost their incomes, its left-wing members are horrified by the prospect of a flood of organized retail outlets putting mom-and-pop stores out of business. Wal-Mart, which has tied up with Bharti to set up a chain of retail stores to take on Reliance, has drawn protests, including a demonstration last February in which a generic Wal-Mart executive was burned in effigy, even before the opening of the first store. (Wal-Mart said it would...
Things were not looking good for R.G. Barry Corp., and that was before the plant manager was taken hostage. The $125 million company in Pickerington, Ohio, has been making Dearfoams slippers--sold mostly in department stores like J.C. Penney, Sears and Wal-Mart--since 1947. With the son of a founder presiding as chairman for 40 years, the company peaked in the mid-'90s with sales of $150 million and its stock price at $25. By mid-2003, Barry had lost $20 million, sales were plummeting, its stock was at $2.08, and it was in default on a $10 million...
...operating basis and began 2005 with zero debt, having paid off the loan from CIT. By December, the company's stock was listed on the American Stock Exchange. Using exclusively Chinese manufacturing, Barry raised profit margins and completed the turnaround without losing core customers--most important, Wal-Mart. In 2005, the company made $8 million. By the time Von Lehman left in May 2006, the stock was trading in the $6.50-$7 range, up from its low of $1.40 in early 2004. In its latest quarter, sales increased 12%, as a revamped line of products has gained momentum. The company...