Word: retailing
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...these luxury SUVs were stolen in March from a dealer's lot in Laguna Niguel, Calif.; four were found the next day missing only their wheels and tires. The thieves had cherry-picked the Escalades that were decked out with 22-in. custom rims, including some chrome Momos that retail...
...wheels that have commanded the biggest price tags are those with inserts that keep spinning for a few minutes after the car stops moving. The limited-edition "continuous-motion" wheels by Davin, based in Providence, R.I., start at a suggested retail price of $14,400 for a 24-in. set. "It's very much like an elite club," says CEO Ian Hardman. Last month Davin received a patent for its spinning technology, which could spell trouble for dozens of copycats--and keep prices and profits whirling high...
...which focus on fun, don't reflect that value message. Target's ads, on the other hand, "communicate a funky, contemporary approach, and people feel it's a hip place to shop for products at a great price." Despite the rapid growth of e-commerce, 93% of retail-sales revenues are collected in stores. If you're a retailer, the store is your medium, so it had better match your message...
...what they want. Among department stores, which are not widely known for good flow, Kohl's, based in Menomonee Falls, Wis., gets high marks for its "racetrack" format. "It's based on the premise that most people want to navigate around the perimeter of the store," says Kate Delhagen, retail research director for Forrester Research. "Their design guides people that way. There's a wall of merchandise around the outside, and then they can see into the inside from there." At the Container Store, based in Dallas, with 28 outlets in 15 markets, "Our product selection is pretty wide...
...family's holding company - issued j520 million in bonds that it said was to be used to refinance existing bank debt. That was separate from the j1 billion-plus convertible bond issue announced only days earlier by the firm at the core of the Pinault empire - a publicly traded retail conglomerate called Pinault Printemps-Redoute (PPR), in which Pinault holds a 42% stake. PPR has also sold more than j3 billion in assets this year. People close to Pinault insist that the timing of these transactions is purely coincidental, and that he's not experiencing any financial difficulty. Nonetheless...