Word: retailing
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Earlier this week six female employees of the nation's largest private employer, retail chain Wal-Mart, filed a federal lawsuit accusing the store of sex discrimination. Although over seventy percent of Wal-Mart's hourly employee's are female, they account for only a third of all management. The women allege the retail chain engaged in unfair practices in the training, payment and promotion of its female employees. TIME contributor Barbara Ehrenreich worked at a Wal-Mart in Minnesota doing research for her latest book, "Nickel and Dimed: On (Not) Getting by in America" which looks at the lives...
Public-auction websites like eBay are doing a fire-sale business in surplus tech hardware. A new Cisco AS5300 access server with a recommended retail price of $50,000 was auctioned off for less than $2,500. Even busier these days is Virtual Chip Exchange, a private marketplace for 4,200 established buyers and sellers of computer chips and semiconductors in 40 countries. VCE is currently the planet's largest electronics B2B exchange, as rated by Jupiter Media Metrix. The privately held company reports that revenues rose past $37 million in the first quarter, up 238% from the same period...
...world's first purely e-tail site to break even, a feat achieved after burning through just $27 million in venture capital--pocket change in Silicon Valley. Overstock, which buys surplus tech products at liquidation prices and sells them to consumers at an average 60% off the retail price, is best known as a "vulture" site, raking over the bones of deceased dotcoms and snapping up $44 million of their equipment...
What, for example, do I do in Cambridge if I find myself with some genuinely free time? Mostly, I haunt bookshops, even if for 30 or 40 minutes. This is therapeutic—“retail therapy” one might...
...Square institutions whose lease it holds, the Harvard Provision Company—known to thirsty students over 21 as “the Pro”—and Upstairs at the Pudding, both of which are to become office space for the University, possibly with retail space on street-level...