Word: retailing
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Whereas many retail insiders counted out the beleaguered department store?assuming it would be sold off in pieces once it was put on the block in January 2006, after Federated merged with May Co.?Baker saw a chance to revitalize an iconic brand name. He and his three NRDC Equity partners (one of whom is his father Robert Baker) bought the property for about $1.1 billion, a small stake in Federated's $27 billion business in annual sales. "What we liked about Lord & Taylor was that it had great DNA, a very solid management team and a large amount...
...Associated Dry Goods in the late '70s, it lost its edge as a fashion leader. May Co.'s 1986 acquisition only contributed to their downward spiral. "Lord & Taylor was the golden jewel in May's portfolio, but [the owners] didn't focus on it," says Christine Chen, a retail analyst at Needham and Co. Upscale vendors began to bow out. "When I took over [as CEO] in 2000, there was no difference between us and May Co. stores [Macy's and Filene's] at the other end of the mall," says Elfers, who has worked at the store...
...McKinsey—a company definitely part of the traditional “business track”—and Google, they also include nonprofits like Teach for America. According to Kimmel, the 100 companies will include a broad range of nonprofits as well as professional services, including retail, manufacturing, and pharmaceutical companies.The inclusion of nonprofits as partners is particularly commendable and should be given special attention as the recruiting of partner companies continues. Most future business school applicants do not see nonprofit or public sector experience as conducive to business school admission and shy away from it.HBS...
...back into use the many vacant commercial properties it owns in Allston and Brighton. We look at the Harvard Ceramics Studio, a jewel of a program already in Allston but cramped in the basement of a nondescript building, and see great potential for classes, artists’ studios, and retail space that could benefit everyone. Beyond that, planning for Harvard’s campus could take a new and fundamentally different approach that brings people together instead of pushing them away...
...series of video games called Halo that are among the most revered in the gaming canon. It's doubtful that many people reading this could say exactly, or even approximately, what the Halo games are about. But when Halo 2 came out in 2004, it did $125 million at retail in the first 24 hours. Since then, gamers have logged almost a billion person-hours playing Halo 2 online. Because it's exclusive to the Xbox 360, Halo 3 is also Microsoft's weapon of choice in its struggle with Sony for supremacy in the multibillion-dollar game-console market...