Word: quarterly
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Dates: during 2000-2009
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...chosen brands, it's too early to anoint her a savior. "Michelle Obama hasn't done enough to significantly change the financial performance of J. Crew and Talbots," says Betty Chen, retail analyst at Wedbush Morgan Securities. J. Crew's same-store sales fell 13% in the fourth quarter of 2008. The company lost $13.5 million, compared with a $25 million profit in the fourth quarter of 2007. Talbots has updated its merchandise to fit its repositioning as a younger company. According to Chen, however, the company is too indebted to revamp its musty stores, a big hindrance...
...First Lady might save another retailer, Talbots, from extinction. The company lost $128.4 million, excluding special charges, in the three months ending Jan. 31, compared with a $7.1 million loss the previous year. Same-store sales fell 14.2% for the year, and an incredible 24.6% in the fourth quarter. Over the past year, the company has desperately tried to reposition itself from a frumpy brand for the over-50 set to a stylish look for the new sophisticated 40-something. In early April, the May issue of Essence hit newsstands, with Obama wearing a $169 Talbots silk dress...
...unemployment keeps rising, consumer spending won't rebound strongly, bank-loan losses will keep rising and a recessionary relapse isn't out of the question. The next monthly employment report, due Friday, is expected to show continued heavy job losses. So no signs of a reprieve from that quarter...
...President Joe Biden, there's no risk for a healthy person in the U.S. to take mass transportation, but the truth is that many travelers these days are still feeling skittish about getting on a plane. In a recent TripAdvisor.com poll of 2,857 users of the site, a quarter of the people who responded said they were changing their plans because of the H1N1 flu virus...
Vietnamese artist Nguyen Trong Niet, an 85-year-old painter who has lived most of his life in a rundown flat in Hanoi's Old Quarter, proudly says he painted Muong Kuong Market years ago in his living room, which is also his bedroom and kitchen. The vibrant lacquer brushwork of the piece exquisitely captures the bustle of market day in a Vietnamese village. The Vietnam Museum of Fine Arts, the country's national art museum, thought so too. Officials there snapped up the painting for their collection, and for the past 40 years, Niet's work has been hanging...