Word: retailing
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...powerful part of management within the industry. Jeffrey Harris, economics professor at M.I.T., estimates the industry spends $5 billion a year on advertising and wide-ranging promotions. Those budgets will shrink. But some venues, like point-of-sale displays, are still viable. Tobacco companies could open cigarette-only retail outlets for adults and pretty much do anything they liked inside...
...cure those now terminally afflicted. Besides, current high cigarette excise taxes already cover much of the states' public-health outlay to care for sick smokers. The settlement price is really meant to put a dent in the American tobacco industry's bottom line. But by gradually jacking up the retail price of the 24 billion packs they sell in the U.S. annually and saving much of their present multibillion-dollar-a-year advertising, promotion and merchandising budget (thanks to restrictions on those outlays in the settlement package), the companies will be able to meet the $15 billion-a-year punishment...
...latest step in a process that began developing nearly two decades ago. As far back as the 1970s, independent producers started selling power to utilities; a 1992 federal law required utilities to open their lines free of charge to such wholesalers. The growing wholesale competition created a demand for retail freedom of choice...
...last fall released a disc called Barbie Fashion Designer that was a runaway best seller, proving once and for all that if the pitch is right, the girls will play. "There's always been an interest in marketing for girls," says Suzanne Groatman, children's software buyer for the retail giant CompUSA. "Barbie just exploded the market. People are looking at this year as the time to launch on the coattails of that traffic...
America's oldest University is one of the few examples of stability in one of the fastest changing--and most exclusive--retail enclaves in the northeast...