Word: retailing
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Mikitani, 39, head of Rakuten, Japan's largest online retail and services operation, is moving into a new arena: sports. The ex-banker, whose company's revenues hit $360 million in the past four reported quarters, bought a professional soccer team last January. In November, Rakuten won the right to create the first team added to Japan's professional baseball league in 50 years. "At first I didn't really understand the obsession that people like Rupert Murdoch seemed to have merging media with sports," he says. "But now I do." --By Jim Frederick/Tokyo...
...company's Hispanic efforts from the division's headquarters in Puerto Rico. But the Panama City--born P&G vet doesn't spend too much time in the Caribbean--every month she spends a week or so in Hispanic hotbeds like Los Angeles, Dallas and New York City, managing retail relationships, meeting with customers. "She walks the stores, walks in the community," says Ernest Bromley, head of ad agency Bromley Communications, based in San Antonio, Texas. "She's not learning this stuff out of a book...
...What most riles the public is that the same consortium will get a giant windfall by being allowed to build and sell retail, commercial and residential units on the site. That smacks of cozy dealings between the government and the tycoons-which Tung admitted in his speech was a cause of public concern, insisting: "We are resolutely against collusion between business and the government, and will strictly enforce our monitoring systems to eliminate any transfer of benefits." Earlier this month, the legislature voted 34-3 for a non-binding resolution against the West Kowloon plan. "Invariably, people see this...
Though a mere fraction of the retail food pie's more than $500 billion-a-year total, natural foods' estimated $16 billion in annual sales is one of the few bright spots in a generally flat industry. Spurred by the soaring popularity of such natural retailers as Whole Foods and Wild Oats and expanded natural sections at the likes of Kroger and Safeway, as well as rising concerns about obesity, natural and organic foods are growing at 5% to 10% a year, and they could claim 10% of the entire food universe within a decade. "I don't think natural...
...retail, the general rule has always been, the more customers, the better. But these days certain companies, like Staples and Best Buy, are concluding that when it comes to profitability, less may actually be more. TIME staff writer DANIEL EISENBERG talked with Staples CEO Ronald Sargent about how this bold marketing approach, among others, is helping the office-supply superstore giant pull away from the pack...