Word: penney
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Dates: during 2000-2009
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...using his own wealth and influence to respond to world poverty in a meaningful way, Gates exemplifies the latter force. His initiatives (sharing technology, providing small- business loans, eradicating preventable diseases) make measurable differences. Thank you for providing a forum for him to share his ideas. Rebecca E. Hight, Penney Farms, Florida...
...everyone will lose out this Christmas. The very low and very high end of the retail market should be just fine. While middle-of-the-road stores like Kohl's, J.C. Penney and the Gap that have struggled in the recent past will probably continue to suffer, high-end stores like Neiman Marcus, Saks Fifth Avenue and Nordstrom's will most likely have relatively strong sales. "They have a moneyed customer and things happening in the world won't affect their lifestyle as much," says Michael Appel, managing director of Quest Turnaround Advisors. "Well-managed retailers who already have momentum...
...singalong, they break up into speed-solving crossword teams. Come evening, there's a family talent show. Dan and Mitch duet on Pete Townshend's "My Love Opened the Door" (as if that perky tune hadn't been worn out in a half-dozen movies and commercials for J.C. Penney and NBC). And the children, I'm not kidding, give mime performances. In Wedding Crashers and other movies, broods like this are easy butts for derision. But Hedges takes them at face value. We're supposed to think they're not hatefully oppressive; they just have a lot of energy...
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...
Golf and Nike were not obviously made for each other. Indeed, everything about the golf business was contrary to Nike's corporate DNA. Its core business was footwear and apparel, but golf was driven by equipment. Nike distributed to large national accounts such as J.C. Penney and Foot Locker, while golf products were sold in pro shops and specialty retailers that did nowhere near the volume of business that Nike was used to handling. "The only way to run golf successfully was to run it totally separate from the rest of the company," Nike's Wood says...