Word: modelers
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...truth, Wal-Mart is a little desperate--it launched a price war for Christmas toys in early October and then slashed 15,000 prices storewide. It increasingly seems the company's 45-year-old business model--based on a continuously improving supply-chain loop--is better suited to developing economies like Mexico, Brazil and China, where it is doing well, than to mature markets like the U.S. and Japan, where it isn't. In the U.S., same-store sales increases are bumping along at 1% to 2% a month, while rival Target, the fashion-forward, design-centric glamour girl...
...Mart has adapted a strategy created by its highly successful Mexican operation, Wal-Mex (which Castro-Wright used to run), that groups domestic wares by room. Wal-Mart recently told analysts that "comp" sales in the newly designed section are doing 3.33 percentage points better than in the old-model sections...
...management structure has been similarly overhauled to emphasize a local touch in marketing and human resources. "It's not that it was too much Bentonville-centric," Castro-Wright says a tad defensively. "That was the strength of the company. But with our growth far away from the center, our model needed to be changed...
Romney explains this seemingly odd tactical choice by arguing that he never intended for his Massachusetts plan to be a role model for the rest of the country. "An individual mandate in most states today--in all states but one--would be irresponsible and unfair," Romney says. "Because in most states today, insurance is too expensive." It does seem fair, however, to wonder: What happened to that other Mitt Romney, the one who wouldn't be satisfied until he found the answer himself...
...there is less of a labor force for fake luxury goods, which is a terrible problem,” Parent says.MODEL STUDENTSThe auction will also feature accessories and perfume donated by professional designers such as Issey Miyake and Alexander Wang.The professional and Parsons designers’ collections will be modeled by students, both from Harvard and from other Boston area colleges.“At the audition, a lot of people thought it was just another fashion show, but the models got really excited once we told them what it was all about,” Kim says.Hannah...