Word: retailing
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...Target's annual same-store sales growth averaged 4.6%, while Walmart's clocked in at 2.9%. Over the same period, Target's annual profit growth averaged 16%, while Walmart lagged behind at 10.3%. "Target was frying Walmart's brains out," says Howard Davidowitz, chairman of Davidowitz & Associates, a national retail investment-banking and consulting firm...
...What might have derailed the good feeling about a big recovery in the economy was the announcement of retail sales for last month. They were well down compared to last year, but, in Wall St.'s special language "not as bad as expected...
...promise,” as it was necessary to vacate the building for environmental reasons. “Am I happy that the Bence Building is basically vacated? No. This is not a good thing for Mass Ave., or the community, but the goal is that Harvard will bring retail back there,” he said. “I’m going to take Harvard on its word.” -Staff writer Sofia E. Groopman can be reached at segroopm@fas.harvard.edu...
...citizens under age 21. (The bill has been referred to the California state assembly's public-safety and health committees; Ammiano says it could take up to a year before it comes to a vote for passage.) State revenues would be derived from a $50-per-oz. levy on retail sales of marijuana and sales taxes. By adopting the law, California could become a model for other states. As Ammiano put it, "How California goes, the country goes...
...economics alone can't explain this protectionism. To cut expenses, consumers are going out less, a phenomenon retail analysts call cocooning. Among couples, cocooning can lead to canoodling, which can lead to ... recreation. "People are spending a lot less on entertainment," says Rick Shea, a branding expert and founder of Shea Marketing Consulting. "And 'that,' for the most part, is free." (See pictures of Americans in their homes...