Word: marts
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Dates: during 1990-1999
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...McDonald's trains a burger flipper to use a computer to monitor inventory," says Shapiro, "the employee's new skills may enable him to win a better position with Red Lobster or K Mart, and the competitor reaps the benefit of McDonald's training investment." This market failure hits average workers hardest. As Clinton has noted time and again, large corporations spend whatever is necessary to ensure that their executives are up to date on management techniques because, says Shapiro, "improving the decisions of supervisors produces higher returns from the workers they direct." Those at the top receive the education...
...Yale Co-op's troubles resemble similar problems encountered by the Harvard Coop. Both campus institutions are part department store and part convenience mart; both have been casualties of a changing business climate...
...Sears, which has been putting up numbers that sparkle like Christmas tree lights. The company says sales, including revenue from its 1,500 automotive and specialty hardware and furniture stores, will rise about 9% to $38 billion this year. (That's second behind discounter Wal-Mart's more than $93 billion in volume.) And profits--about half of which come from the interest on Sears' 60 million credit cards--are projected to reach $1.25 billion, up a solid 25% over the record set last year. Wall Street has been delighted. Sears stock closed last week at $46.75, more than triple...
...expensive, the gap between the (long-lived) rich and the (mortal) poor will widen further. Finally, if you live to be 120 years old, you will have to work the majority of those years in order to survive. Do you really want a job as a greeter at Wal-Mart when you're 115 years old? BOB CHAMBERS San Diego Via E-mail...
...flavors targeted at school-age kids. An 8-oz. serving of Grinnin' Grape or VeryVery Strawberry offers the nutritional benefits of regular milk and no fat. The downside: 24 g of sugar, on par with a can of soda. Introduced this summer, Smilk is being sold by 300 Wal-Mart superstores as well as in schools in several districts in Michigan. Says Gensamer: "This could be a billion-dollar business." (No doubt naysayers scoffed at the idea of diet peach iced tea too.) Similar products, such as Moo Kooler, from a dairy cooperative, are hitting supermarket shelves...