Word: retailing
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Dates: during 1990-1999
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...thriving retail industry that rakes in close to $100 billion a year, drugstores aren't always the most comfortable way to shop for medicine. You sometimes have to share very personal information not only with the pharmacist but also with your neighbors waiting in line. Hey, look who's on Prozac...
...beauty products to a rousing chorus of approval. A crush of visitors overwhelmed the site. Another admirer is online bookseller Amazon.com which said it had acquired 40% of the fledgling company. For Amazon founder Jeff Bezos, the investment made sense. He has been on the prowl for other retail businesses that fit Amazon's amazing model, and the health-and-beauty sector is six times as large as the book market. "Nobody likes going to the drugstore," Bezos jokes. This week PlanetRx, headed by former FedEx operations chief Bill Razzouk, is expected to launch its own vast shop, with such...
...With the rise of managed care, close to 80% of prescriptions are now covered by third-party insurers. To capture a good chunk of the business, online drugstores "have to negotiate separately with thousands of plans, and that's going to take a long time," cautions Mark Husson, a retail analyst at Merrill Lynch. Even Neupert, who's secured only 12 such agreements so far, concedes that many prescription-benefit managers (like PCS, which Rite Aid recently acquired) aren't likely to sign up a competitor. Nor will the websites be able to undercut the stores on prices all that...
That's why I've been dying to try the new class of ultralight computers--most are less than an inch thick and weigh less than 3 lbs.--that began shipping to retail stores at year's end. These machines run on the slimmed-down operating system known as Windows CE--the same one used on personal digital assistants like the PalmPilot. While the machines are technically laptops, my editor at TIME, a brilliant phrase turner, has a better name for them: kneetops...
...cleaned clothes, but hate that the solvent used to clean them (perchloroethylene) has been deemed a probable carcinogen by the EPA? Hangers, a new chain, uses eco-friendly carbon dioxide instead. The first store opened in Wilmington, N.C., with one each coming to Chicago and Providence, R.I., this month. Retail prices match competitors', but because its machines are expensive, it could be a while before a Hangers opens near...