Word: stores
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Dates: during 2000-2009
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...fact that they can rock a Red Sox hat by day and designer dresses by night, is that they recognize our large contribution to Boston’s fashion street cred. Meghan A. Mills, co-owner of Serenella, a Newbury boutique, loves watching college kids come into her store. "They’re trendy—less hipster than New York. They step it up…I’m sort of jealous," laments the Bryant University graduate who remembers Doc Martens being all the rage around the time of her graduation...
That much is clear when the 50-year-old owner of Gaza City's oldest pet store holds up a particularly fluffy kitten. "This is one of the cats we breed here. It's a Siamese mixed with a Persian," he says proudly. "Siamese cats are known for their intelligence. They are the smartest of cats. Whereas Persians have the most beautiful...
Whether more people are partying at home to save some dough, or flocking to Dollar Tree from other stores for cheap supplies, Dollar Tree, based in Chesapeake, Va., loves the fiesta. The chain, which operates about 3,700 stores in 48 states, saw its profits rise 51%, to $56.9 million, for the quarter that ended Aug. 1. In a depressed retail environment, same-store sales jumped 6.8% for the quarter; the retailer's shares have risen over 40% since mid-February. "For us, the world is our oyster," Gary Philbin, Dollar Tree's COO, said at a recent analyst presentation...
...Dollar Tree seems to have a knack for good timing. "They saw the recession coming," says Brent Rystrom, analyst at Feltl & Co., "and started selling more non-discretionary consumable products like food and health and beauty items." The store now sells Hormel sausages and Green Giant frozen vegetables, and over 1,200 of its stores now have refrigeration units. Now, in anticipation of an economic uptick, Rystrom is seeing Dollar Tree shift back to more discretionary items like decorations and toys, which tend to offer higher margins...
...vision or how much it would need to raise prices if coffee were to climb to $2 per lb. Fair Trade "isn't the only reason I drink Starbucks, but it's a big one," says Connie Silver, a nurse, sipping a large, $4.15 Frappuccino outside a Miami store. Asked if she'd pay, say, $4.50 or even $5 to help absorb higher Fair Trade prices, Silver raises her eyebrows and says, "Wow, these days, that's a tough...