Word: morgans
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Dates: during 2000-2009
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...company's ill-fated $400 million purchase of women's apparel shop J. Jill in 2006 burdened its debt load. "What's hurting them more than anything is that they've got lots of debt on their balance sheet," says Betty Chen, a retail analyst at Wedbush Morgan Securities. Talbots has shuttered its men's, kids and U.K. businesses, and is shopping for a buyer for J. Jill. Good luck finding one in today's market. Earlier this month, investors received some encouragement when the company secured a $150 million credit line from three Japanese banks. In 2008 Talbots also...
...with a $36.7 million profit during the same period in 2007. Same-store sales dipped 7.2%. In December, Jamba stopped shipping ready-to-drink smoothies to grocery stores because of production difficulties. "They still don't know who their core customer is," says Brian Moore, an analyst at Wedbush Morgan. "They have to define that. Is it the health-conscious consumer or someone who is looking for a treat? That's why the brand has had difficulty." Responds new CEO James White, an ex-Safeway executive who took over Jamba eight weeks ago: "From a historical perspective, that...
...ready to commit suicide yet.' NELSON CHAMISA, a spokesman for Morgan Tsvangirai's MDC party, on its refusal to enter into a power-sharing agreement with Zimbabwean President Robert Mugabe...
...While Morgan says no one is going to be foolish enough to "chase down the President of the United States" for a shot, he thinks it won't be necessary, because the Obamas seem to know how to utilize the popular press to their advantage. They have set up photo ops in the past and have allowed for others. "If they're out and we can get a shot, it's because they don't mind us being there," he says. "The Secret Service guys are cool as long as you don't do anything dangerous...
...Morgan wonders, however, if this unspoken agreement between the First Family and the popular press will last. "We'll see how it goes after a few months. It's not like we don't know where he lives," he says. "You can't keep people cooped up there forever...