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...ability to identify and cater to the nuanced needs of high-end consumers. All of which squeezes out the middle. "There are bipolar developments," says Johanna Waterous, a McKinsey & Co. director, who leads the retail practice in the consulting firm's London office. "You see the top end or premium doing very well and the value-led end doing well. Being in the middle is not comfortable." There's no better value-led example than Tesco. Founded in 1924, the company was known until recently as a down-market alternative to the tonier Sainsbury's. But today, Tesco operates...

Author: /time Magazine | Title: Buy Low, Buy High | 1/16/2005 | See Source »

...part of the McVeggie at select McDonald's locations and working with Sesame Street on co-branded Earth's Best products. Earth's Best baby food is seen as a key to the company's success for its ability to draw in mainstream shoppers willing to pay a premium for organic food for their little ones...

Author: /time Magazine | Title: Biz Briefs: Food: Can Granola Grow Up? | 1/16/2005 | See Source »

...cell phone. LG'S VX8000 will support VCAST at launch, and three more phones, from Samsung, UTStarcom and Motorola, are expected. For $15 a month on top of a standard calling plan, customers can download an unlimited stream of files to the phones or pay extra for premium content. Highlights will include music videos, Doppler weather radar, 3-D games and video clips as much as five minutes or longer, among them "webisodes" from 20th Century Fox based on the show...

Author: /time Magazine | Title: Technology: Getting Plugged In | 1/12/2005 | See Source »

Lykken's revisionist thinking coincides with the view of the positive-psychology movement, which has put a premium on research showing you can raise your level of happiness. For Seligman and like-minded researchers, that involves working on the three components of happiness--getting more pleasure out of life (which can be done by savoring sensory experiences, although, he warns, "you're never going to make a curmudgeon into a giggly person"), becoming more engaged in what you do and finding ways of making your life feel more meaningful...

Author: /time Magazine | Title: The New Science of Happiness | 1/9/2005 | See Source »

...opening weekend, the 3-D version set a record for IMAX, pulling in an average $35,600 per screen--roughly six times as much as conventional theaters. Armed with those numbers, IMAX hopes it can convince Hollywood and theater operators that IMAX movies can draw big crowds at premium prices. For an industry stung by a 4% drop in attendance last year and probably steeper drops this year, according to box-office tracker Exhibitor Relations Co., it may be a compelling sales pitch. "We're ready for prime time," says IMAX co-chairman and co-CEO Richard Gelfond...

Author: /time Magazine | Title: Entertainment: Going Hollywood | 12/17/2004 | See Source »

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