Word: retailer
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Dates: during 1990-1999
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...outlets, A Gift for Teaching in Orlando, Fla., and Kids 'N Need in Los Angeles, opened last month. The Kids 'N Need "resource center," located in a World Vision warehouse, is colorfully stocked with shelves of notebooks, vats of pencils, writing paper, dictionaries. It mimics a retail center, minus price tags. "Teachers love the concept," explains SHOPA president Steven Jacober. "A visit seems more like a shopping trip than a charity handout...
Giving away school supplies in a mock-retail setting is the brainchild of retailer Shannon Carter of Cincinnati, Ohio. Enrolled in a 1995 business-leadership program aimed at generating ideas to improve that city, she heard of a program housed in a Richmond, Va., warehouse called Crayons to Computers and decided "we could take that warehouse and make it fun." Carter named her free store Crayons to Computers too. "This is not brain surgery," she observes, "just a giant recycling project...
...will. Scott Walters, the SHOPA Foundation's executive director, plans "a national web of resource centers," opening at the rate of two, three or four a year, serving well in excess of 100 communities. Each center benefits from history. Chicago's started as a bulk-delivery warehouse. Then SHOPA retailers toured Crayons to Computers in Cincinnati and liked the mock-retail approach. As a result, Los Angeles opened as a "free store," Chicago was converted to one, and Crayons to Computers got on SHOPA's gift list...
...wonder Americans are eating them up. Energy-bar sales are expected to hit $500 million in 1998, up 40% in a year. And they have moved from the retail fringe--health-food stores and bike shops--to become a grocery- and convenience-store staple. When Balance Bar, the fastest-growing barmaker, went public last spring, Wall Street tagged it with a "buy" rating and predicted soaring revenues. Industry optimists are hoping that energy bars will eventually match the $2 billion-a-year sales of sport drinks like Gatorade...
...which was up from $5.7 billion two years before. But the gaming take along the Strip has gone from 58% of total revenues 10 years ago to 53% today. That's the official figure. Major hoteliers, however, put casino revenues at 40% of the mix, or even 25% if retail sales are included in the total. (Gamblers spend an average of only four hours a day in the casinos, after all.) Gamblers who used to make an average of 11 trips to Las Vegas over a five-year period now make only seven. So the city of "Lost Wages...