Word: tree
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Dates: during 2000-2009
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...surprising set of items are helping spur the growth of Dollar Tree, the super-duper discount chain where every item actually sells for a buck or less. We're talking about party supplies: everything from plates to wrapping paper to favors. During an economic crisis, aren't people supposed to be slouching on their couches, rather than honking on noisemakers? Apparently not. "This says a lot about the American consumer," says Timothy Reid, Dollar Tree's vice president of investor relations. "They want to keep enjoying and living their lives, but do so in a way that's cost-effective...
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 moving too fast? If there's one lesson from the great retail shakeout of the past year, it's that America has too many stores. Yet Dollar Tree plans to open about 80 more stores by end of year, and foresees growing to between 5,000 and 7,000 stores down the road. But will an extreme discounter like Dollar Tree suffer when the economic winds move against you? "I do think Dollar Tree is a beneficiary of people trading down," says Laura Champine, an analyst at Cowen & Co. "When the economy recovers, I believe its growth will...
...David Newman, who runs the Nairobi-based biofuels consultancy Endelevu Energy, says there have been isolated examples of success growing jatropha. "Occasionally a tree has survived in a marginal area and produces quite a bit of seed with no [agricultural] inputs whatsoever. But there's a difference between that one tree and replicating it thousands of times in the field," he says. The problem with jatropha, scientists say, is that there is no proven, widely disseminated method for growing it properly...
...NATO ally. But Berlusconi's prominence is the point, and as the first black leader of the most powerful nation on earth, Obama is seen as a model by many countries struggling to integrate people of different races and religions. (See pictures of Barack Obama's family tree...