Word: retailing
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Harvard Square is host to 375 retailers of which 15 percent are national chains, 10 percent are regional chains and 75 percent are locally operated stores, according to a Harvard Square Business Association retail survey...
...retail field trip is part education, part marketing, and all the rage. Groups of children from schools, summer camps and Girl and Boy Scout troops are taking organized tours through establishments ranging from Sports Authority stores to Saturn dealerships to Krispy Kreme outlets. With school budgets squeezed in recent years, these free excursions are in some cases replacing trips to more traditional destinations. While companies are eager to polish their community image, critics say the real goal is to turn kids into brand-loyal consumers...
...RETAIL: A field trip to Petco...
...soared by more than 20% at the end of its debut week, while Italy's state-controlled utility Enel cheered the flotation of its national power-grid owner Terna. And even after a bungled lead-up, investors piled in for a 33% share of Postbank, Germany's largest retail bank, generating €1.55 billion for parent Deutsche Post. Will investors tire? "The cash is there," insists Walter Kemmsies, head of European equity strategy at JPMorgan. "The market for IPOs is open." Next up: France Télécom hopes to raise €1.8 billion in July from the sale...
When Nardelli moved with his wife and four children from upstate New York to Home Depot's Atlanta headquarters, the home-improvement retailer was going through a rough patch of its own. Its co-founder and second CEO, Arthur Blank, was under pressure to leave; the company had added stores more quickly than it could properly manage, and comparable-store sales, the crucial measure of a retail chain's organic growth through existing stores, had been declining for eight quarters. Home Depot was expanding so quickly that many executives saw nothing wrong. "You had people who were enormously proud...