Word: stockings
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Along with the gear, Bass Pro also tries to keep local knowledge in stock, which allows it to compete with hometown shops. It hires local guides and gear experts to staff the stores. "See that guy over there? He's the best gunsmith in the area," says employee Dan Kardash, pointing to a man hunched over a firearm. Kardash himself is a fishing guide who runs the store's fishing department...
This kind of growth attracts company, and Bass Pro's closest rival is Cabela's, which went public last year. Stock-market analysts are already nervous that the two companies are growing so fast that they will begin to clash directly, although, as Hagale says, it's a big country. The boat business doesn't have clear sailing either. Industry leader Brunswick is on a vertical-integration tear, a strategy that brought another firm, Outboard Marine, into bankruptcy. Genmar stepped in to feed on the remains, but Jacobs warns that a further shakeout looms in a market that is stagnant...
...terms of football, joining the national-letter-of-intent-day, changing the recruiting policy from 30 per year to 120 per four years—in order to allow coaches to stock up in strong years and pass on weak classes, rather than having to take equal numbers from both—and allowing member schools to play an eleventhp game, have more spring practices and compete for a national title, would all be cheaper solutions that could progress toward the same goal...
...WHITMAN: No. We own 25%. When this chunk of stock became available from one of their original partners, we were offered the chance to invest and I said, absolutely. There was no right of first refusal [on future opportunities]. We have a seat on the board, but we don't have any more say in the business than any normal board member would have...
Putting together a sick common room early in the year can really up your stock in the game. A poster of Larry Bird, a couple video game consoles, and maybe something “out there” like some jack o’ lanterns are all good starting points...