Word: profit
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Dates: during 1990-1999
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Sears may feel the chill soon. Most businesses are finding that the Net is actually pretty lucrative. According to ActivMedia, which surveyed 2,000 commerce-related websites, 46% are profitable and an additional 30% expect to cross that line in the next couple of years. For some firms, the Net has become an essential competitive advantage. Dell, which sells $5 million worth of computers a day on its website, claims that the efficiencies of Web-based sales give it a 6% profit advantage over its competitors. Discount-mortgage broker American Finance and Investment, which conducts 60% of its business online...
...since Bill Gates took Microsoft public in 1986 has Wall Street witnessed anything like the wealth-creating power of today's Internet stocks. Consider Amazon.com an online bookseller that has lost more than $30 million since 1995 with nary a penny of profit in sight. No matter. Amazon's $5 billion in market value exceeds the combined capitalization of Barnes & Noble and Borders Group, the two largest U.S. bookstore chains. The rise of No. 1 search engine Yahoo has been no less phenomenal. It stood at $181 a share last week after reporting second-quarter earnings of $8.1 million--following...
Marcelo Salaises, 30, misses Mexico but says the living is good in Dalton. On $10.60 an hour with benefits and profit sharing at Durkan Patterned Carpet, where he's in quality control, he and his wife bought a nice three-bedroom house for $49,000. And Thomas Durkan III, he says, orchestrated the donation of private land and helped raise $1 million for the construction of a soccer complex used primarily by Mexican families...
...antidote to the all-male Promise Keepers. And despite the problems, the tenor of the weekend becomes resolutely cheerful. "Joy" is invoked almost as frequently as God. Members of Women of Faith don't trade promises or admonishments; they swap stories and compliments. Since 1996, when the for-profit enterprise was founded, predominantly white women of all Christian denominations have been drawn to revivals staged in churches and cozy sports arenas across the nation. For a $52 advance-registration fee, women can take part in a spiritual slumber party punctuated by hushed confessionals, occasional jokes about PMS and giggles aplenty...
...than on developing flashy products that fly ever higher, faster and farther, the usual mantra for new aircraft. "For years we were able to raise the price of airplanes based on technology," says vice president Hammer. "But we can't do that anymore. If I want to make a profit, I've got to lower the cost...