Word: retailing
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...Stephen Spielberg's Minority Report, televisions and computers have been replaced by transparent screens on which life-size images appear to be floating in thin air. Watching Tom Cruise operate this fictional technology, David Lauren, Vice President of Ralph Lauren, was inspired to develop similar screens, but with a retail spin - his version would be implanted behind a store's glass window and would be touch sensitive, allowing window shoppers to interactively browse through Lauren merchandise and purchase what they saw using a built in credit-card swiper. The first of these screens was inaugurated on August...
...offer many perks, it is no longer such a rarefied niche market. For many financial institutions, private banking is increasingly crucial to the bottom line. For example, 46% of Credit Suisse's pretax banking profit in the second quarter of this year was generated by private-banking operations. While retail banks must focus on volume by hawking me-too products to millions of less-wealthy customers, private banks can rack up bountiful revenues by offering a wide range of lucrative services to a smaller number of rich and superrich clients. It's not uncommon for a top private banker...
...thought, this is crazy," it could be doing so much more. Crowley called an old friend, Clyde Pereira, the chief information officer at Coca-Cola HBC, the company's European distributor, and told him he could make Coke's machines more profitable. Similarly, in early 2005, Stuart Farrell, retail development manager for mobile operator Vodafone UK, and Ralf Pearson, project manager at UTL, a logistics company that works with Vodafone, were discussing ways to improve distribution of prepaid mobile phones - which make up 60% of the U.K. market - when they noticed a candy machine in a tube station. Farrell joked...
...shows is also a future possibility. Since teenagers will make up a big part of the market, the Coke machines' main payment method is cash (though they accept credit cards). Vodafone's kiosks, however, also accept chip-and-pin debit cards, which is crucial given the handsets retail for a bit more than pocket change, between $55 to $150. Vodafone's goal is simple: it makes no money from selling phones, but from the voice and data traffic they deliver to its network. So it wants to get Vodafone-networked phones into as many hands as possible. Vending machines seem...
...Those are the people who have been overcharging us--selling us stale bread and bad meat and wilted vegetables ... First it was Jews, then it was Koreans, and now it's Arabs. " ANDREW YOUNG, civil rights leader, ex--U.N. ambassador and Wal-Mart lobbyist, on why the retail titan is right to displace urban mom-and-pop shops. He later apologized and resigned his Wal-Mart post...