Word: retailing
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...masters. "I've got a number of constituencies: the customers, the communities in which we do business, and I've got the shareholders." And some shareholders remember the boom-boom 1980s, when newspaper profit margins routinely approached 20%. Cold reality hit along with the recession in the early 1990s: retailing, then retail advertising, then newspapers dependent on such advertising suffered, and profits fell. Ridder insists that the financial pressures on all papers tend to be cyclical and that in fact Knight-Ridder has recently upped the percentage of revenue it spends in the newsroom. Journalists who complain about cost cutting...
Holland's successes have subsequently been overshadowed. For one thing, the popular new sorbets are pinching sales from ice cream, which is now losing ground in supermarkets to archrival Haagen-Dazs. Holland also imposed a pair of price increases, the most recent taking hold this month and pushing the retail price of a pint of Ben & Jerry's to more than $3 in some markets. That's a hefty charge that could deter even some loyalists. In an ominous sign, Ben & Jerry's last month said earnings in the just-ended third quarter would be below the 35[cents...
...Jennifer Spiegler, a copy writer who resides in New York City, yesterday on the opening of two new Kmarts in Manhattan. One of the retail stores will open today next to Pennsylvania Station; the other will open next month in the East Village...
This strategy is an extension of Johnson's obsessions with technology and service. Besides, as Johnson says, "the history of equities is highly cyclical. Processing you do every day." Paul Hondros, who headed Fidelity's institutional-services division until taking charge of the retail business last week, puts it more emphatically: "The future is not about Magellan, despite all the press coverage. Markets come and go. This is a big diversification play. The future is technology-based service." Such service complements the investment business as more than just a hedge, though. By tracking all that data, Fidelity would gather information...
...selection of video cards, hard drives, monitors and other accessories unmatched in the Boston area, and their prices tend to be as low as mail-order outlets. You can often drive a better bargain by haggling with the sales clerks, and you can save 10 or 20 percent off retail prices by purchasing a returned or demo model...