Word: retailing
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Several candidates pledged to discourage car use in Cambridge by cutting the number of city parking spaces and pushing for construction of more retail stores within walking distance of residential areas...
...with the help of P&G and Gillette, the three men co-founded the Auto-ID Center at M.I.T. to pursue RFID uses. Today 103 companies are members, including consumer giants like Johnson & Johnson, Kimberly-Clark, Kraft Foods and Unilever. Ashton estimates that U.S. retail giants alone lose up to $70 billion a year in potential revenue because of their labyrinthine backroom networks. Half of that loss results from failure to restock popular items. The rest comes from lost or stolen items (shrinkage, in the parlance), particularly stuff like Gillette's Mach 3 razor blades and Duracell batteries--possibly...
...economy starts to get better, you would rather have something that has some economic sensitivity to it. You would rather own a Merrill Lynch or a Morgan Stanley than you would a bank. Over the intermediate term, I like media stocks, like Viacom and Clear Channel, Univision. In retail, I like Target and Best Buy. Wal-Mart will be O.K. I like Citigroup...
...Music retailing has traditionally been a fragmented industry of mom-and-pop stores. Guitar Center, however, is following the lead of retail giants like Wal-Mart. After raising $101 million in a 1997 IPO, Albertson and his co-CEO, Larry Thomas (himself a frustrated rock guitarist), went on an expansion run that included opening new stores at the rate of one or two a month and acquiring, in 1999, the Musician's Friend catalog for $48 million. In 2001 the company purchased a 19-store chain catering to schoolkids and beginners called American Music, and last year it opened...
...Answer - stop overcharging for CDs. In a retail outlet in Ireland, a standard album release costs anywhere from 18-25 euros ($20-28 approx.). The same CD can be purchased at an online store for 14 euros ($15 approx.). So where does the extra 28-60% difference in price go? To the artist? Not! The large record company does not care about the artist; their primary concern is to their shareholder. I use file sharing for rarities, for songs released as singles, B-sides, etc. and occasionaly for albums. But I will still purchase an original work if the price...