Word: retailing
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...They'll never be obsolete as long as they have a focus on the client. They just have different businesses than what we are. The focus on the retail side of Merrill Lynch is truly the wealthy, person-to-person relationship. There's only so many people you can do that with. That's where an Ameritrade comes in. While the Merrill Lynches of the world go after the wealthiest of our society, the online brokers go after the mass affluent. There are 37 million households that have between $100,000 and $1 million in assets. Clearly the full-service...
...Numbers 200 million Estimated number of people aged 15 to 64 worldwide who have used illegal drugs in the past 12 months; up 8% from the year before, according to a new United Nations report $322 billion Value of the global retail market for illegal drugs?bigger than the gross domestic product of 88% of the world's countries...
...Build-A-Bear outlived its cutefulness? No, argues Amy Ryan, an analyst with New York City--based ThinkEquity: "This is a hiccup. It's a retail concept that matures in a different pattern than most retailers." New Build-A-Bear stores start out so strongly that comp-store sales a year later tend to be lower, she says, so investors have to adjust their expectations. "Build-A-Bear is not a fad," Ryan says. The company plans to open 30 more shops in 2005, expand its line of licensed merchandise, introduce "friends 2B made"--a new make-a-doll concept...
...India and elsewhere, McKinsey found that only 13% of recent overseas graduates were considered realistic candidates. That doesn't mean the U.S. can ignore outsourcing, says McKinsey's Diana Farrell: as many as 52% of engineering jobs and 31% of finance and accounting jobs could be exported; sectors like retail and health care are less vulnerable, but could account for 9.1 million job losses. While not the avalanche some fear, those numbers are big enough to make a difference. --By Jyoti Thottam
...America wasn't ready for Camelot, and Mary was cast as an out-of-touch princess who picked fabric swatches while, on the battlefield, the Republic burned. Yet perhaps no woman in American history had a better excuse for trying to boost her mood with a little retail therapy. Mary had already lost a mother and a son, and was about to lose another son, as well as her husband. She seemed to know that too, possibly as a result of her excursions into the mysterious spirit world, a popular pastime in the traumatized living rooms of the Civil...