Word: retailing
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Wynn, who suffers from a degenerative eye disease, has managed his most ambitious project ever with customary painstaking attention to detail--he is known to call colleagues in the middle of the night to share his latest brainstorms. In addition to the first-class luxury retail brands you would expect to find (Cartier, Chanel, Louis Vuitton), his shops will offer an array of his own private-label products. Also on display in a gallery will be selected works from the world-class art collection that was prominently featured at the Bellagio. (Wynn recently paid $8.8 million for a John Singer...
PHILIP GREEN, British retail billionaire, on rival Marks & Spencer after failing in his $16.9 billion bid for the clothing group
Adams may yet have the last laugh. The retail giant--the nation's biggest private employer--has weathered a yearlong maelstrom of bad press about its employment practices. More than 30 lawsuits have accused it of cheating workers out of overtime pay. In a case in Oregon, the company was found to have forced employees to punch out and then return to work off the clock. A federal investigation discovered that in dozens of stores Wal-Mart used contractors that hired illegal immigrants. Now a federal judge in San Francisco has ruled that a sex-discrimination lawsuit filed...
...many ways, Wal-Mart's problems stem from the conservative, Southern culture fostered by founder Sam Walton, according to Ellen Rosen, who is writing a book about the role of women at retail companies, including Wal-Mart. The old-fashioned values were one of the things that attracted Deborah Zambrana, 37, an 11-year employee of the store in Wilson, N.C. Then a note she wrote requesting help sorting lingerie came back scrawled with a chauvinist comment. When a male colleague admitted to the deed, "instead of being reprimanded," says Zambrana, who like Adams is not one of the lead...
...probably would do better as a retail store because it’s a pretty good location,” Williams said...