Word: retailing
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That sort of competition is pushing up the price of deals and extending the chase to Europe and Asia. It's also prompting firms to buy companies they would have spurned just a few years ago. Retail--a highly competitive sector with low margins--is a case in point, says Christopher Kampe, director at Grant Thornton Corporate Finance. In the past year, Linens 'n Things, Burlington Coat Factory, Petco and the Sports Authority have all been bought...
...with this March’s student protests. Iconic film directors like Philippe Garrel and Bernardo Bertolucci have returned to the period on their sets, shooting Les Amants réguliers (2005) and The Dreamers (2004) respectively. Quite ironically, for last winter’s season, the ubiquitous LeClerc retail store—think Gap with French accent—chose ’68 as the theme for their ad campaign. And further south, in Spain, songwriter Ismael Serrano became a star not so long ago with a song begging his father to retell the “beautiful...
...more than a decade, Dell has posted double-digit growth by selling computers directly to customers, most of them corporate clients. But two unfriendly trends have driven Dell to sell its wares at a place where chairman Michael Dell swore he would never be caught dead: a Dell retail store...
...second reason for Dell to go retail is more prosaic. For years, Dell's direct-shipment model proved especially good for selling to businesses, which generate 80% of its sales. But the business market is becoming more commoditized, and prices are in a free fall. So everyday shoppers are powering the industry's growth. The consumer market grew at twice the pace of the enterprise market last year, according to technology-research firm IDC. Result: Dell's stock has plummeted 52% in the past year. The company's sales grew a lackluster (for Dell) 14%, to $56 billion, in fiscal...
Even as the company ramps up its retail operation, Dell CEO Kevin Rollins still downplays the significance of the home market, saying "It's a secondary priority compared to our corporate customers." And he argues that the move is really an expansion of the small kiosks that Dell has set up in malls to allow customers to place orders. Says Parra: "We have 160 kiosks that have been very successful, and all we are doing is expanding on that success...