Word: stocke
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Dates: during 1990-1999
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Instead, there is a cyberstore that never closes and is more likely to have what you desire in stock because of that infinite shelf space and the millions of square feet of cheap warehouse real estate in Utah or Nevada. "The pure Internet plays don't have nearly the infrastructure cost that off-line plays do," says Mike May, an analyst at Jupiter Communications, an e-commerce research firm in New York City. "A single point of sale can be used to reach an entire country or the entire world." As Jay Herratti, president of Boo.com North America, a sportswear...
...under way and gathering momentum. Traditional merchants have taken heart from, of all places, Charles Schwab, which has broken down the walls between its off-line brokerage business (with 335 retail locations) and Schwab.com its online business. Schwab had to be spry enough to devise cross-channel pricing for stock trades; allow account access via the Web, telephone and in person; and create advertising that speaks to the Web savvy as well as the Net illiterate. The result: over the past two years, Schwab has emerged as the best-positioned retail brokerage, with more than $628 billion in customer assets...
...first strike is planned for New Year's Day, when Wal-Mart has said it will launch a redesign of the site, adding photo and travel services and expanding the menu to 600,000 items (superstores typically stock about 100,000). The company also promises to link the site to its 2,485 stores in 50 states, allowing online purchases to be returned off-line. "We'll even refund the shipping charges," says Glenn Habern, Wal-Mart's Web war chief...
...Decade. The American economy will mark its longest period of uninterrupted expansion this February. During the past nine years, the U.S. unemployment rate has fallen to 4.1%, the lowest level in three decades, while inflation has remained under 3% and interest rates have remained relatively low. The stock market remains at record levels, and productivity grew twice as fast in the 1990s as it did in the 1980s. No one person, of course, can claim credit for this performance, but over the past dozen years, Greenspan's quiet confidence and masterly control of the nation's money supply have done...
...along the way, more money in the pockets of Amazon employees. Michael Krantz, our San Francisco bureau chief, hung around their offices in Seattle for a few days and noticed how the subject of stock options never came up. "They're all imbued with this giddy faith that their best days lie ahead of them," says Krantz. "The subtext, of course, which they are well trained never to mention to reporters, is that if they're right, a lot of them are going to be extremely rich...