Word: slumped
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Harvard lost a pair of games at Minnesota-Duluth before the winter break and lost to St. Lawrence on Saturday before breaking the slump against Cornell yesterday...
There may be another explanation for this year's slump in retailing: consumer fatigue. The big guessing game this fall was about what this holiday season's gotta-have item would be. The answer: there wasn't one. It wasn't that inventors and manufacturers and marketers and retailers didn't give it their best shot. It's just that in the end, most Americans felt they could live without the latest personal data assistant or robotic...
...homes. But maybe it's been a little too brilliant. What's left to buy when you already have your SUV, your DVD and your MP3? The tech industry is learning that one of its biggest challenges is building in enough obsolescence. A key reason for the current slump in computer sales is that box makers haven't convinced consumers that the new models do much that their current PCs can't. And as Microsoft labors on its new operating system, Whistler, it's struggling to build in enough must-have features to make people feel they need to ditch...
...Last year, sales from the week following Dec. 25 topped sales from Thanksgiving weekend, the season's traditional apex. And this time around, the discounting has already been set in motion by a season of relative slump. So bargains should be plentiful - along with bargain-hunters, for whom that ill-fitting plaid sweater is the perfect excuse to remedy Christmas gift oversights. Profit margins, however, will be slim...
...often cited, perhaps too reductive, summary of Jack Welch's philosophy: If you're not No. 1 or 2 in your field, get out. Welch is still No. 1--after a tech slump slapped down Cisco, his General Electric is again the world's largest company--but he's getting out anyway. Kind of. He tapped a successor, Jeffrey Immelt, but postponed his planned April retirement to oversee GE's acquisition of Honeywell. His memoirs, planned for spring, earned a $7.1 million advance, which he plans to donate to charity. Welch, 65, turned staid GE into a dynamic, even...