Word: retailing
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Those who want to make it to Round 2 had better hope Santa is good to them. Even before a single retail site burst online, America had too many retail stores. By 2000, it also had too many e-tail stores. Result: shuttered sites, struggling shops and shredded profits across the sector. Poor performance by such companies as the Gap, Nordstrom and J.C. Penney added to the dotcom carnage in the stock market. And new worries that consumer spending is slowing, presaging a recession, have made this Christmas the most critical in years...
Faced with what once seemed an unlimited number of e-tail sites, Web surfers have shifted the task of locating the stuff they want to shopping robots--a.k.a. bots--which are software tools that instantly scan hundreds of retail sites to find the lowest price for a given product. Some 4 million shoppers used these bots in October, double the number a year ago. "Shop bots offer a real value to consumers," says Barry Parr, a director with IDC, an online research firm. "They're here to stay...
...While retail sales, professional services and manufacturing industries expect the largest growth, a need for engineers and computer science majors persists. Employment of communications, telecommunications and business majors is also expected to increase...
...meantime, management actually reduced the retail price of the PT Cruiser $1,000, to $16,000, before it even hit the market. By last summer, when the Cruiser had become one of the year's automotive success stories, not only was Chrysler getting less per car, but management was still struggling with a concrete plan for cost-effectively increasing production...
...about investing, consider one of the new board games. Stock Market Madness, available in stores and at amazon.com lets players trade stocks until someone emerges a millionaire. Mutual Mania, a cross between Life and Monopoly, starts players with $25,000 to buy mutual funds. It sells at mutualmania.com Both retail...