Word: stores
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Though agricultural prices are low, the cost of food at the grocery store is expected to rise as much as 4% this year. The increase reflects the higher costs of processing, packaging and distribution. Wholesale food prices jumped by 1.3% during July alone, the largest monthly advance in a year...
Verna Gibson did not have her eye on the executive suite 27 years ago, when she took a part-time sales job in a Point Pleasant, W. Va., department store. But that is just where she is after a successful career in retailing. As president of Limited Stores, she is perhaps the highest-ranking woman to have worked her way up in a major American corporation. Her ambition today is both simple and lofty. Says she: "My current goal is to be the best corporate president in the nation...
Gibson has the hands-on style that is crucial in retailing. A few weeks ago, she was in Manhattan's first Limited store after hours, dressed in jeans and a sweatshirt, fixing the mannequins. The next morning, attired more elegantly in a green silk blouse and black skirt, she presided over the opening of the store, the 600th in the chain...
Married at the end of her sophomore year at Marshall University in Huntington, W. Va., Gibson worked in various cities while her husband James was building his career in sales. In 1971 she saw her first Limited store in a shopping mall in Columbus. Intrigued by its high-style, affordable fashion approach, she got in touch with Wexner. Says he: "No one had ever called me to talk about my business. She became my assistant with no title and little...
...players in the system, such as hospitals, employers and insurers. Doctors in small practices, many experts believe, won't link up unless their patients demand it. At least that's the assumption behind a company called Medem, which introduced a website in May called iHealthRecord.com The site lets you store all your family's medical information--prescriptions, allergies, health histories, etc.--and share them with physicians, as long as the doctors are on the system. You can also download vital information onto a smart card to carry with you. The software is free; Medem charges doctors who get the benefit...