Word: smarting
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...departure--"a mutual agreement between him and the board," according to a Gap spokesperson--marks a low point in the history of a brand that not so long ago epitomized smart, affordable fashion. Named for "the gap in the market it hoped to fill," the Gap had something for everyone. You got your khakis there; your grandmother got her cardigans; Sharon Stone got her outfit for the Oscars. So what went wrong...
...saved? Why not? Retailing is full of 360� turnarounds. Wall Street darling Abercrombie & Fitch, for example, was once an afterthought unit of Limited Brands but spun itself off and repositioned itself as the hottest label for the teen crowd. Even once dowdy JCPenney reinvigorated itself by hiring a smart merchandiser, Vanessa Castagna, as executive vice president and giving her the freedom to remake the brand. "She helped make Penney's cool, and the Gap needs to be cool," says Chen...
...made for just $8 million, has grossed nearly $60 million at home and $30 million abroad; that's the kind of arithmetic that gets cheers from the Academy (and from Hollywood). The Queen couldn't have cost much more than Sunshine, and it has earned $72 million worldwide - another smart investment in a quality film...
...fight, like Crash's last year, would be to get nominated. Now that it has made the final five, it stands a decent chance of winning. So, even though former muscle-man Arnold Schwarzenegger pronounced it " Bar-bell" at last week's Golden Globes, the movie is now a smart-money long shot for the top prize. It could be the first time the Best Picture award went to a film that is mostly not in English, except for Rocky...
...prejudice against Asian Americans. The article, co-written with Asian students on the Daily Princetonian’s staff, went on to complain—in broken English—Princeton’s latent antipathy towards admitting Asian Americans. “I the super smart Asian,” it says. “Princeton the super dumb college, not accept me. I get angry and file a federal civil rights complaint against Princeton for rejecting my application for admission...