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...What exactly that brand represents has never been entirely clear. Banksy is a paradox: he used his anonymity to court attention and became a commercial success by condemning consumer culture. "I originally set out to try and save the world, but now I'm not sure I like it enough," he wrote in an e-mail to the New Yorker magazine last year. If his veil has been lifted, the world will have a chance to make an assessment...

Author: /time Magazine | Title: Banksy: An Artist Unmasked | 7/21/2008 | See Source »

...Creating specialty shops dedicated to high fashion was the natural answer. Some Oxfam regulars already knew they could often find real gems buried within the jumble of dull duds packed into ordinary shops. Oxfam had already had good success with other types of specialty stores: it has 120 used-book shops in the U.K. and recently opened five shops dedicated to selling used vinyl LPs and CDs. Farquhar says the Notting Hill shop's makeover should increase that site's revenues 100%. The boutique's average sale is $40, four times the average sale at a regular outlet. The other...

Author: /time Magazine | Title: Oxfam Shops Head Upmarket | 7/21/2008 | See Source »

...themselves cool, and uncorporate enough to make room for the strikingly unconventional. A homegrown record label can make a huge difference too, like Seattle's Sub Pop, which produced Nirvana's early recordings. Ultimately, it's the big national labels that cash in on local sounds. Primed by their success with Seattle, the record companies are now grazing hungrily in college towns, those intrinsically hip places where collective shoe preference may run the narrow gamut from Birkenstocks to Doc Martens but ears are all wide open. The academic triangle of Chapel Hill, Raleigh and Durham, North Carolina, boasts popular alternative...

Author: /time Magazine | Title: WHERE'S THE NEXT SEATTLE | 7/21/2008 | See Source »

More Cuts for Woolworth A prime victim of Wal-Mart's success has been the Woolworth chain, which announced its second major reduction in size in two years. It plans to close 970 stores and cut 13,000 jobs. Some 400 of the shops to close will be the cheap general stores that made the Woolworth name famous (others will include Kinney shoe stores). After the closings, only 400 or so of the Woolworth five- and-tens will remain...

Author: /time Magazine | Title: NEWS DIGEST OCTOBER 10-16 | 7/21/2008 | See Source »

...most potent forces in the mainstream, which has triggered an identity crisis and rancorous debate among musicians and fans. If these rockers are stars now, fans ask, haven't they become everything we're against? Nothing better symbolizes the struggle for this musical genre's soul than the success of Pearl Jam, a band adored by followers but reviled by some fellow musicians as sellouts, poseurs or opportunists riding on the fame of their fellow Seattleites, Nirvana. Nirvana leader Kurt Cobain has said that bands like Pearl Jam are "jumping on the alternative bandwagon." Cobain and his crew have released...

Author: /time Magazine | Title: ROCK'S ANXIOUS REBELS | 7/21/2008 | See Source »

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