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...real estate - its out-of-the-way locations were often just inconvenient enough to tempt customers to head to other retailers, like Wal-Mart. Then Circuit City stopped selling appliances. It didn't move as aggressively into gaming as it should have. And it missed out on big in-store promotions with thriving companies like Apple Computer. That created an opening for Best Buy, now the top electronics chain in the U.S., to surge ahead. Finally, the cherry on top: Circuit City neglected to improve its Web presence, just as online retailers like Amazon.com were hitting their stride...
Another key problem for the retailer, which is based in Richmond, Va., and was founded by Samuel S. Wurtzel as a television store in 1949 (it now has about 700 outlets), was basic inventory management. "They had been unable to move their inventory," says Helen Bulwik of New Market Solutions, a retail consultancy in Oakland, Calif. That backlog left the company paralyzed, unable to buy fresh product or pay off its existing debts. Circuit City still owes $118 million to Hewlett-Packard, its largest vendor, plus $116 million to Samsung and $60 million Sony...
...fact, brands are noticing that online communities have more buying persuasion power than store sales clerks. And they're forming more partnerships with social sites now that traffic numbers are at an all-time high. In October 2007, Kaboodle had nearly 3 million unique monthly visitors. By October 2008, it tripled that number to 10.8 million and also logged its highest numbers for revenue, traffic and registered users. "We have seen a lot more deals and discounts this year happening across the site," says founder and CEO Manish Chandra. Likewise, Etsy, a site where community members buy and sell handmade...
...feels like when you glimpse the world your children will grow up in and realize it will treat them better than it treated you. I do not expect anyone who has not experienced it to understand what it feels like to be frowned at in a high-end store or ogled at by tourists in Harvard Yard surprised to see a black person in a Harvard sweater. I do not expect anyone who has not experienced it to understand what it feels like to be called nigger. Obama’s victory cannot mean the same thing for all Americans...
...Half of the six members are still in high school, and the rest go to college locally. Aucoin said Elephantom’s sound has been compared to styles ranging from Radiohead’s to classical music. There’s more than a record deal in store for these four acts. The winners will also advance to another of competition in the spring, according to Caitlin V. Crump ’10, general manager of Veritas Records.The winners of the fall round automatically qualify for the spring Battle of the Bands, which will pit acts from eight different...