Word: profitable
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...Starbucks clearly did build too much too fast, and had the misfortune to do it just as a downturn in the economy and consumer spending made it harder for any retailer to turn a profit. Of the 600 company-owned stores due to close, some 70% were opened since October 2005, and most have another store in close proximity. Starbucks's strategy of cannibalizing its own sales - a store loses about 25% to 30% of its revenue when another outlet opens down the block - works when customers keep streaming in, but once foot traffic slows, as it has over...
...Innamincka, Leon Cartledge has his fingers crossed for the pioneering project to succeed. He thinks a hot-rocks power plant could draw curious tourists to sample his beer and oysters. Throw in free electricity, and "a business like this might even stand to make a profit...
...still thinks he did the band a favor. Now people know that the album isn't just a myth, that it's coming soon and that people who've heard it are saying it's good. And other than some increased traffic on his blog, Skwerl didn't profit from his stunt. "There were posts on Craigslist saying 'I'll give you $1,500 per track if you just play it for me.' I'm not going to say I'm the most morally virtuous person around after yesterday, but I didn't go that route." He also didn...
...Given the challenges police face in trying to enforce cell-phone restrictions, it's no wonder that a study released this month by the non-profit Insurance Institute for Highway Safety found that North Carolina's cell-phone ban for drivers under 18 did not deter them from talking or texting. In fact, cell phone use actually increased slightly after the law took effect on December 1, 2006, from 11% to 11.8% about five months later...
...Greg and his dad at a restaurant in La Jolla, Calif., where Tom runs a for-profit treatment center. After we were seated, I ordered a bottle of cabernet sauvignon, and the server asked for Greg's ID. "He's 17," Tom immediately said. He then asked the waiter if it would be O.K. if Greg drank with his approval. The waiter said...