Word: retailing
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...land of mad cows. He belongs in the U.S., the wellspring of genius entrepreneurs and shameless hucksters alike, which is why the flashy Times Square stunt is a perfect way for Branson to signal the next phase of his U.S. expansion. Says Ian Duffell, president of Virgin Retail Group in North America: "We've planted our flag here...
Virgin's megastore expansion, on the other hand, reflects Branson's strength: an ability to take a consumer's experience to another level. The timing is terrible. Retail record sales in the U.S. slumped last year for the first time in a decade. Yet Duffell, the North American boss, says Virgin megastores are entertainment centers that will attract big audiences because they are so profoundly different. Certainly, calling Virgin a record store is understating the place drastically. The Times Square outlet boasts 250 listening posts and four Sony cinemas, inlaid-marble floors and an artist's replica of Michelangelo...
WASHINGTON, D.C.: The Federal Trade Commission voted Wednesday to file antitrust charges against toy retail giant Toys R Us. The commission accuses the company of "using its market power to keep toy prices higher." Regulators charge that Toys R Us keeps prices up by using its size to pressure toy manufacturers not to sell to rival retailers. Manufacturers say the company will not buy products carried by large warehouse clubs, in effect using the clout of a company that accounts for more than one-fifth of the $19-billion-a-year U.S. toy business to keep suppliers selling only...
WASHINGTON, D.C.: The Federal Trade Commission voted Wednesday to file antitrust charges against toy retail giant Toys R Us. The commission accuses the company of "using its market power to keep toy prices higher." Regulators charge that Toys R Us keeps prices up by using its size to pressure toy manufacturers not to sell to rival retailers. Manufacturers say the company will not buy products carried by large warehouse clubs, in effect using the clout of a company that accounts for more than one-fifth of the $19-billion-a-year U.S. toy business to keep suppliers selling only...
...took nearly two years for the hit rock musical Rent to get from workshop to Broadway, but its sassy, sexy downtown look will be available retail this week--a scant nine days after its Broadway opening night--when Bloomingdale's opens a Rent boutique in Manhattan...