Word: owner
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...Sullivan, 42, owner of Sullivan Hardware shops in the Indianapolis area, is surrounded by Lowe's outlets and a Home Depot. But he steadily increases revenues 6% to 8% a year, and he books pretax margins of about 10% on $5 million in annual sales. "I'm a speck to the chains," he says, "but I do well." Over the years, he adapted his merchandise mix and pricing to cope with the big-box stores. He knows he'll never beat Home Depot and Lowe's on prices for $100-plus power tools, so he stocks a minimal quantity. Instead...
...hired an agent to identify illicit file sharing.” The 1998 Digital Millennium Copyright Act is cited as the motivation behind this move, though the act only requires service providers to remove or block access to copyrighted information after receiving notification from the copyright’s owner. To top it off, Yale has reduced the maximum possible Kazaa connection speed to a slothly 50 kb per second, allowing students to download a sizeable movie over the course of about a week...
Welcome to Hell Night at the East Coast Grill, an event billed as, in what I’ve come to think of as the understatement of the year, an “over-the-top fiery food challenge.” Boston culinary legend Chris Schlesinger, owner of the East Coast Grill and winner of the 1996 James Beard Award for Best Chef in the Northeast, created Hell Night on a dare, when customers taunted him that his food “wasn’t really that hot.” Over the years it?...
...about E.U. citizens' bank accounts "We worship at the feet of J.K. Rowling." Jeff Bezos, Amazon.com CEO, on how the Harry Potter books helped the company make its first profit in a year of dot.com disaster "I feel very peculiar asking customers to give me love." Takashi Uchida, shop owner in Yamato, Japan, on problems with his town's new local currency, the love
...life than with profit." There will, of course, be winners too. Big business will certainly gain, including some homegrown entrepreneurs in the east who have brought their firms up to Western standards but pay lower wages. "The E.U. is a chance for Polish products," says Klaudiusz Balcerzak, co-owner of several plants that now produce 17,000 tons of traditional meats a year. He already has fancy delicatessens in Berlin and Rome and the quality permits needed to export more of his products. "I would be very happy if we joined tomorrow - duties of 40% would vanish and I would...