Word: penney
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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...
...Somehow it became lodged as an official box-office gross, and that's when all hell broke loose," says Zyzzyx director/writer John Penney. Movie fan sites, major publications and even National Public Radio have been chiming in. Now, oddly enough, the movie is enjoying a flurry of press and attention as the latest successor to historic turkeys such as Heaven's Gate, Ishtar and Plan 9 From Outer Space...
...Penney, who's keeping a good sense of humor about the whole fiasco, says, "It's not how I imagined launching my directing career." Still, he's since directed a second feature and plans to shoot his third this spring. "I guess you could say I'm failing upward...
...Penney is undaunted. "Folks in the film industry know why these screenings are held for SAG, and they laugh about it," he says. "But people who aren't in the business look at me like I've had a death in the family...