Word: victoria
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...block away at Steve Madden, manager Francesca Ruggiero lamented that the store hadn't even sold $4000 worth of footwear by 9 a.m., even though it had opened at 6 a.m., an hour earlier than last year. Next door, Victoria's Secret manager Linda Petar told TIME, "We're on target," although by 8:45 a.m. the shop had sold less than $80,000 worth of merchandise toward its goal of $650,000 for the day. Other stores, including Perfumania, Fossil and Aerosoles all looked fairly desolate by 8 a.m., despite the perky signs beckoning, "Come In. We're Open...
...step down amid declining revenue and a stock price that has lost more than 70% of its value. The good news: "They aren't leveraged like other stores are," says Beemer. "But if you look at mall-based apparel stores, any of them could be in trouble except for Victoria's Secret, which has a good customer base." (See 10 things to do with your money...
...aesthetic suggests that perhaps the divide between the two isn’t as great as she and Narumi initially intimated. After all, Narumi listed Marc Jacobs, Abercrombie, and H&M among her favorite brands—just like any other teenage girl in America. —Columnist Victoria D. Sung can be reached at vsung@fas.harvard.edu...
...ratcheting down staffing. College kids might have to look for jobs outside the retail sector to generate extra Christmas cash. Best Buy is bringing in 16,000 to 20,000 holiday hires this season, down from 26,000 in 2007. (The good news for hopeful or clueless males: Victoria's Secret and Toys "R" Us say they'll keep last year's levels to ensure top-notch service...
...1990s, Cuban co-founded the company that would become Broadcast.com, which started as a web site to access live sports games online. The company went on to broadcast other content - including Bill Clinton's testimony in the Monica Lewinsky affair and a Victoria's Secret fashion show. Cuban and his partner took Broadcast.com public and sold it to Yahoo! in 1999 for $5.7 billion in stock...