Word: penneyer
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...anywhere else. Private labels like Charter Club and INC already make up about 18% of Federated's sales. Deborah Weinswig, a financial analyst with Citigroup, says shoppers are likely to find more of that kind of merchandise in the months to come. The strategy has worked well for J.C. Penney. That chain, pegged to a slightly lower income demographic than Macy's, goosed its third-quarter profit 17% with lines that are only available at Penney, like Nicole Miller dressy-casual women's wear...
...that created the new McD. Counter seating will serve eat-and-run customers. Those looking to linger will find soft lighting and plush chairs. Mingling teens can cram tables together in a flexible seating area. "It's something [McDonald's] should have done years ago," says restaurant analyst Howard Penney of Friedman Billings Ramsey. The design suggests a certain coffee chain, but Penney says it could give McDonald's an edge over fast-food rivals...
...Penney gone trendy? New CEO Myron (Mike) Ullman wants you to think so. He has introduced new lines from Nicole Miller and Chris Madden to the mid-tier department-store, Internet and mail-order business while streamlining sales and launching a new "emotive advertising" campaign. "Mike's a marketing wizard," says analyst Bob Buchanan of A.G. Edwards & Sons. "He tells the customer that just because she doesn't make 100 grand a year doesn't mean she can't look good." Penney's earnings quadrupled in the first quarter over last year, to $172 million. Ullman's clearly doing something...
...HILLEMAN, 85, low-profile microbiologist credited with developing some 40 vaccines and saving more lives than any other 20th century scientist; in Philadelphia. After being persuaded to go to college by his brother, who thought he could do better than his job as a clerk at a local J.C. Penney, the Montana farm boy eventually took what turned out to be a three-decade-long job at pharmaceutical giant Merck & Co. He developed 8 of the 14 vaccines currently recommended for children, including shots for measles, mumps, hepatitis A and B, chickenpox and meningitis...
...Hilleman, 85, low-profile microbiologist credited with developing some 40 vaccines--a record--and saving more lives than any other 20th century scientist; in Philadelphia. Persuaded to go to college by his brother, who thought he should aim higher than his job as a clerk at a local J.C. Penney, the Montana farm boy eventually took what turned out to be a three-decade-long job at pharmaceutical giant Merck & Co. he developed eight of the 14 vaccines currently recommended to protect children against measles, mumps, hepatitis A and B, and chickenpox...