Word: recessional
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What's the best business reaction to a recession? How about none at all. Unlike many outfits in the struggling restaurant industry, Panera, the soup and sandwich chain with more than 1,300 stores in 38 states, has stayed strong by standing still. "The key to Panera's success lies...
Such calm amidst the storm has paid off for shareholders. Panera stock is up 26% this year: in fact, it's one of the best performing stocks of the decade, having generated a whopping 1,560.65% return. Profits rose 38% in the third quarter, and sales in company owned stores...
4. Keynes doesn't play in Peoria. Obama has followed a traditionally Keynesian economic path in responding to the recession - temporarily increasing government spending to make up for slack in the economy. But voters, who continue to suffer from the downturn, are not so impressed. In a recent focus group...
With auto sales in the West in a deep slump, 2009 saw carmakers increasingly focus on developing countries like China and India, which have largely shrugged off the global recession and where disposable incomes continue to grow rapidly. China this year will surpass the U.S as the world's largest...
Toys are a trapeze, swinging us from age to age. Those that leave nothing to the imagination never sweep us off our feet. So maybe it's good news that toys have turned out not to be recession-proof after all: analysts called last year's holiday sales the worst...