Word: profitability
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...months of operation, Farmers Best has failed to turn a profit. Beyah attributes that partly to slowed consumer spending amid the recession, as well as a need to grow awareness about his venture. He is running ads on black radio stations, hoping to lure affluent blacks, who are likely to shop more frequently and not just at the top of the month, which is when customers who rely on government assistance to buy food receive their aid. Meanwhile, he regularly invites local students into the store. "We're trying to teach the children how to eat properly," he says. Despite...
Experts across the country are exploring a range of potential solutions to the urban health crisis, including creating neighborhood gardens and courting chains like Aldi, Family Dollar and even Wal-Mart to fill the void created by food deserts. But the supermarket industry suffers from especially tight profit margins and is thus particularly risk-averse, so supermarkets' entry into low-income neighborhoods has been slow. Furthermore, many low-end chains are hardly bastions of fresh, healthy produce and meat. (Read a story about Aldi, a grocer for the recession...
Jason Motlagh's travel to Afghanistan and South Asia was funded by the non-profit Pulitzer Center on Crisis Reporting...
...parents and I were desperate to find a well-run supported-living situation for Noah, but they're rare. When the state launched Community Care, numerous for-profit companies sprang up to house the developmentally disabled, each of whom is entitled to many thousands of dollars a year in state funding. The companies that have succeeded tend to work with higher-functioning autistic or developmentally disabled adults, those who pose little risk to themselves or others. Other companies are alleged to be providing inadequate care or even in some cases abusing clients. (See six tips for traveling with an autistic...
...nearly 10% in the first quarter. The declines are hitting hoteliers and casinos hard. Melco Crown Entertainment, a Nasdaq-listed joint venture between Laurence Ho (Pansy Ho's brother) and Australian billionaire James Packer, recently reported it lost $35.3 million in the first quarter, compared with a $43.2 million profit in the same period in 2008. It was the fourth straight quarterly loss for the company, which operates Macau's Altira hotel and casino...